Well, people who have lots Bitcoin will be able to create high, steady streams of income, forever, so I think moving to Bitcoin will exacerbate inequality, for a few hundred years, at least. That's the effect of it being a commodity, like gold, as you can't dilute their market share by creating new ones.
And Bitcoiners will have all the political power (as we've just seen) because "He who has the gold, makes the rules." Someone like Elon owns a lot of Bitcoin and many politicians and voters own none, after all. He can just bribe everyone. He's seen that, growing up in Africa, and traveling around the world.
Some assets (like real estate), are scarcer than Bitcoin, but their real prices will come down, naturally, as the population shrinks. Immigration is just temporarily delaying this effect.
Silberengel
npub1l5…egx9z
2024-11-07 04:36:17
in reply to nevent1q…4pje
Author Public Key
npub1l5sga6xg72phsz5422ykujprejwud075ggrr3z2hwyrfgr7eylqstegx9zPublished at
2024-11-07 04:36:17Event JSON
{
"id": "00ed9c9dd2bb1715dc8b3be8fc1f56a7d648a63828d9351df9628ba3958acb32",
"pubkey": "fd208ee8c8f283780a9552896e4823cc9dc6bfd442063889577106940fd927c1",
"created_at": 1730954177,
"kind": 1,
"tags": [
[
"e",
"739bc8cb1f5bab96010fb117b08ca2ddebe1c122bf7073b4909f3e94b426c2ec",
"",
"root"
],
[
"e",
"b384c5bf8bdb82b28442602851853249d2136453a222cdc9c33ec45cb97bacfc"
],
[
"e",
"6044e442b98e8101943d4ade79f6adfb8f11f6d08a56fa54aa33d526dfda4114",
"",
"reply"
],
[
"p",
"e2ccf7cf20403f3f2a4a55b328f0de3be38558a7d5f33632fdaaefc726c1c8eb"
],
[
"p",
"fd208ee8c8f283780a9552896e4823cc9dc6bfd442063889577106940fd927c1"
]
],
"content": "Well, people who have lots Bitcoin will be able to create high, steady streams of income, forever, so I think moving to Bitcoin will exacerbate inequality, for a few hundred years, at least. That's the effect of it being a commodity, like gold, as you can't dilute their market share by creating new ones.\n\nAnd Bitcoiners will have all the political power (as we've just seen) because \"He who has the gold, makes the rules.\" Someone like Elon owns a lot of Bitcoin and many politicians and voters own none, after all. He can just bribe everyone. He's seen that, growing up in Africa, and traveling around the world.\n\nSome assets (like real estate), are scarcer than Bitcoin, but their real prices will come down, naturally, as the population shrinks. Immigration is just temporarily delaying this effect.",
"sig": "0aff0fac2ad13eac2c95142051633f0dc2f5d2850a7beadf7230d9f05843b773aa267260359174dae9899016e82dc60f3d6d1a233c552b3124817e8b9134daea"
}