powmaxi on Nostr: I understand the concern about a power vacuum—when a centralized authority ...

I understand the concern about a power vacuum—when a centralized authority collapses or loses control, something must inevitably take its place. But I still argue that the best solution lies in a decentralized model, one where the individual, not a new elite, is empowered.

The power vacuum that follows the fall of fiat is real, but it doesn’t have to be filled by a new, organized counter-elite. Rather, Bitcoin allows for a distributed network of entrepreneurs, innovators, and market participants to fill that gap organically. Yes, free markets have winners and losers, but the strength of Bitcoin is that it doesn’t centralize the winners into a new oligarchy. It’s anti-fragile and resists co-option by elites due to its open, transparent, and trustless nature.

You mentioned how economies depend on entrepreneurs responding to signals. That’s true, but Bitcoin’s decentralization means those signals aren’t coming from a central planner or a handful of elites, but from the network’s participants. The system self-corrects and evolves, with power and influence diffused across many, rather than concentrated in a few.

The parallel economy we’re building isn’t meant to peacefully coexist with fiat forever. It’s a hedge and a challenge to it. Eventually, Bitcoin’s robustness should outcompete fiat not through centralized control but by being the more efficient and fair system. The “direction” of the economy, then, becomes a collective one, steered by the millions of individuals who opt into Bitcoin rather than one group seizing power.

Bitcoin is about resisting the need for an elite to steer the ship. We avoid letting the same parasites back in by making sure that no one has the concentrated power to steer the economy unilaterally—only the collective choices of the participants do. That’s how we ensure the old system doesn't regain control: by creating one that doesn't allow control by anyone.