Crypto prices are falling and violence around that community goes up. Corporations see the economy going into a recession and start layoffs. I wonder if more fraud, wage theft and illegal tax avoidance happens during economic down turns as well?
"As the Americans learned so painfully in Earth's final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constructing its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master."
At the risk of stepping too much into the meta, I wouldn't be surprised if there are some innate behaviors from evolution for responding to downturns (e.g., caring more about fairness).
That quote is discussed a length on this wonderful blog (like others said, it's from SMAC): https://paeantosmac.wordpress.com/2015/07/07/first-impressio...
Some studies indicate poor people are more altruistic:
https://greatergood.berkeley.edu/article/item/the_poor_give_...
This is all to say that any studies on altruism need to be scrutinized to see if some benefit or cost was missed in the experiment design.
"In one of these experiments, the researchers, led by doctoral student Paul Piff, gave participants the opportunity to share $10 with an anonymous stranger. A few days earlier, the participants had all filled out a questionnaire in which they reported their socioeconomic status. The results showed that people who had placed themselves lower on the social scale were actually more generous than upper class participants were."
This strikes me as a pretty weak study to extrapolate to any society wide conclusions.
So yes, you see cooperative behaviors in the poorest of communities. Because other behaviors at that income level are incompatible with life!
In the long run, non-collectivist populations develop an advantage through hard times and environments. Collectivist populations subsist, and nothing more.
It is economic disparity that creates violence. Only when villas are in reach of a small poor town do you start to get petty muggings, scams and murders.
I am not claiming that people from other castes behaved badly, in contrary, but when you see how little those people have (ie 3 generations, or 10 members of family sleeping in 1 room 3x3m and that was their whole 'house' - just 4 super basic walls with no roof, nothing else). Coming back to my relatively crappy eastern european country where people constantly complain how poor they are compared to ie germany made me feel sad, ashamed and badly out of touch with my folks...
I remember hearing about this in a Jordan Peterson video. The correlation between economic inequality and young make violence is apparently one of the strongest in all of sociology, and still applies regardless of the size of the geographical boundary you draw.
Claims like that need a source to back them up
> Prosecutors say the defendant fired a handgun into a Pennsylvania home, and helped to torch another residence in the state with a Molotov Cocktail — all allegedly in service of a beef over stolen cryptocurrency.
> Earlier this month, three men in the United Kingdom were arrested for attempting to assault a local man and steal his virtual currencies.
It's not particularly strong evidence that this violence is caused by a falling value but it's also not entirely unreasonable to be left with that perspective.
The book isn’t terribly long and so far it’s pretty easy to read.