Oddbean new post about login | logout None of this means that the whales won't be in firm control of what is left of what can be bought in the meantime, and that includes politics. Holy shit, I have a target price where I start gumming up the works of my blue state with an army of pro-gun lawyers.
i think i hear what your saying and i cant say your wrong but it sounds to me like you are looking at this through a fiat biased lens where everything is a zero sum game and some win and others lose at the winners expense. i think bitcoin will change this dynamic. in other words when we as a society wake up to the idea that all scarcity is fake(except time) then everything changes.
I dunno about that. It’s mathematically true that if Bitcoin ever does become immensely valuable, the wealth disparity between old and new holders will be remarkable. If Bitcoin becomes the global reserve currency and the value 100X’s, there will absolutely be a new ruling class that’s minted, and I don’t know if we’ll all like what that ruling class does.