frostdragon on Nostr: Then there’s the concern that bitcoin doesn’t level the socioeconomic playing ...

Then there’s the concern that bitcoin doesn’t level the socioeconomic playing field, but steepens it. Governments and corporations will be able to get their hands on an increasing amount of bitcoin over time, and once they have enough, they’re effectively able to manipulate the supply, not only defeating the purpose but putting us in a worse situation. Even Satoshi coming out of the woods once we’re on a bitcoin standard would have a massive and probably damaging economic impact on the world.