Why should #Bitcoin lead to a fairer financial system when the top 100 holders alone possess 13.78%?
In the current fiat system, the top 1% holds approximately 45% of global wealth, which isn't ideal either.
However, a #BTC Standard will change the financial world, and here's why:
Proof of Work over Proof of Stake/Ownership
⇒ In the fiat world, once you achieve a certain financial status, it's challenging to lose it, as having substantial wealth can generate even more money.
⇒ In a #Bitcoin ecosystem, the dynamics are radically different. Everyone must put in genuine effort to accumulate more capital.
⇒ Consequently, wealthy individuals will eventually spend their money, redistributing it to hardworking people.
So yes, #BTC 's wealth concentration may be high now, but that's because we're in the early stages! This disparity will naturally improve over time.
robinseyr / Robin Seyr
npub1d9…pyh73
2023-04-23 13:28:06
Author Public Key
npub1d9ul75ee7ja8j2n93p0whs67dc8g625fhljk2k60329lnrnmkjvsfpyh73Published at
2023-04-23 13:28:06Event JSON
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"content": "Why should #Bitcoin lead to a fairer financial system when the top 100 holders alone possess 13.78%?\n\nIn the current fiat system, the top 1% holds approximately 45% of global wealth, which isn't ideal either.\n\nHowever, a #BTC Standard will change the financial world, and here's why:\n\nProof of Work over Proof of Stake/Ownership\n\n⇒ In the fiat world, once you achieve a certain financial status, it's challenging to lose it, as having substantial wealth can generate even more money.\n\n⇒ In a #Bitcoin ecosystem, the dynamics are radically different. Everyone must put in genuine effort to accumulate more capital.\n\n⇒ Consequently, wealthy individuals will eventually spend their money, redistributing it to hardworking people.\n\nSo yes, #BTC 's wealth concentration may be high now, but that's because we're in the early stages! This disparity will naturally improve over time.",
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