Post
Topic
Board Politics & Society
Re: Bitcoin is not politically-neutral.
by
digigalt
on 19/07/2011, 22:50:40 UTC
Your wording makes it sound a bit like you think decentralized means distributed wealth? There are still going to be obscenely rich bitcoin holders and very poor bitcoin holders.
That's implying that the amount of wealth you have means anything. All I am an advocate of is enabling able to create wealth for themselves and others freely while that is limited with the current banking model that lends with corrupt discretion. I never said anybody was entitled to money but being able to sell and sustain upon their inherent value.

No, what you said was that bitcoin was decentralized. His point was that early adopters of bitcoin hold the vast majority of bitcoin wealth because they got in when it was still possible to mine bitcoins with a CPU. You can't possibly say with the straight face that bitcoin is decentralized

In addition, those with enough wealth to buy bitcoin at any price will always control a disproportionate amount of the currency.