Oddbean new post about | logout
 saying this for a long long time

https://image.nostr.build/d8fe8e5d31346a65d046c16636dbee954d2de0fcbc4311533be5b19b194a523b.jpg 
 Bitcoin is for enemies. 
 The difference is the most influential thing they can do with the network is fork off.

Instead of dilute everybody’s purchasing power, inflate hard assets, loan depositors money, lever-up on bonds enough to get rekt, and massively broaden the wealth gap. 
 Over time, it should redistribute to honest workers— never saw this as a disruption that would take less than one generation. Even if bitcoinization is overnight, honest people who are late will benefit from starting at zero in the bitcoin world versus having a few thousand USD (or debt) in the bank, IMHO 🤙