It’s a retarded argument.

The paper is claiming that Bitcoin holders are benefitting at the expense of those with no exposure to Bitcoin. 

If that is true, the answer is to simply get exposure to Bitcoin..

It’s @saifedean's gunpowder analogy - once the technology exists (and the paper in its conclusion throws out the idea that Bitcoin could be legislated out of existence lol) you either adopt it and benefit, or you suffer from those who have adopted it.

These clowns are just pissy that they can’t control it and they aren’t the ones holding the coins. A new group of financial elites is a threat to their power; they don’t want to buy in now and be “middle class”, they want to go back to them being at the top of the tree and failing that they want Bitcoin to disappear.

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