Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption

Money doesn't buy political influence though,

In my country it can buy a lot of things including buying politicians, buying political influence, buying this ...buying that ...

Sure, it's like that in pretty much every country. But here's the thing:

If Bitcoin is as successful as everyone hopes it is, everyone will have a store of money that the government cannot touch. They can't freeze it, they can't seize it, they can't tax it, they cant trace it.

Imagine what that will mean to governments.

The honest part of the government that collects taxes will suffer

The dishonest part that splurges favors on friends and cronies will already be in the take .......just that it will be far more difficult to prove that they took bribes !!! This will be parallel economy of un comparable ....un imaginable proportions

Do you realize that if bribes don't work blackmail was used instead? Politicians don't get a choice to be corrupt or not! They either take bribes or get blackmailed or they aren't allowed to get elected. You get rid of the bribes and the political influence will be distributed based on who has the most dirt on who and who can generate the most blackmail on this or that politician. Since everyone has nudes somewhere floating around on the Internet or has done something regrettable, they'll just control the political atmosphere by making threats and fear if bribes didn't exist.

So to worry about Bitcoin being used to bribe people is a minor threat compared to what goes on right now without Bitcoin. Bitcoin is just another currency, but if people want to bribe they can offer favors and don't need Bitcoin. If people want control they can use fear and threats as they always do. This is why it's naive to think Bitcoin billionaires will suddenly rule the earth, those billionaires will not be able to go up against orgnanized crime and honestly I'm glad we don't know their names.