I think that in the future, what it means to be wealthy is going to change markedly, as the new economic tools of blockchain and digital assets start to replace the legacy. This means that there will be new classes of wealthy people and the demographics of the one percent will change. For example, in a hypothetical world of million dollar Bitcoin, how many Australians would have enough to sit in the current one percent group? Yes, I know it isn't a million dollar Bitcoin, but if Bitcoin hit 500K or even 200K - what is Ethereum doing alongside it?

What I wonder is, will how the people got their wealth matter in how they use it.

“According to the Knight Frank Attitudes Survey conducted in the last quarter of 2020, 43 per cent of the Australian ultra-high-net-worth population in Australia reported that their source of wealth was their own business, while 30 per cent reported it came from an investment portfolio.”

43 percent have their own business, but I suspect that it is nowhere near that in the crypto categories. There will be all kinds of people who from those who have developed solutions and projects - to those who just happened to win the crypto lottery by being in the right place at the right time with a little bit of capital to spend. They will also be spread around the world and in some unlikely places.

Will there be a difference in attitude of the new wealthy, will the core philosophy of the values of distribution hold, or will the conditioning of the past set in and they too will find ways to insulate themselves from the rest of society, extending their wealth by building barriers of entry.

I suspect, there will be a lot of the latter. Old habits die hard and with so much cultural emphasis put on desiring what the wealthy have, once it is obtained, chances are the new wealthy will be largely indistinguishable from the old, other than even less of them will have built up their wealth through valuable work someone was willing to pay for.

It doesn't have to be this way of course, we could be very much creating a world where what is valuable to us is far more well spread amongst us, empowering us and inspiring a new age of innovation and creativity to build a better world. It would be wonderful if that was the case, yet that is not what my experience tells me. But regardless of my experience, I am going to try to work toward a better outcome than now, as resigning myself to the position that there is no chance to change, ensures those hoarding value and power, win.