Oddbean new post about | logout
 My point is since the beginning of this thread: we will always trust / consent to a minority with our lives savings.

The bitcoin elites have just less incentives /possibilities to do something bad compared to fiat central banking elites. But they have the option to act in bad faith.

Hence we want them to be good, because they can short our lives savings to buy another Lamborghini or whatever their heart desires.

But bad people can infiltrate these elite circles and do bad things.