Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
FenixRD
on 26/02/2014, 21:47:40 UTC
The real reason I don't worry too much about Bitcoin the brand, is because the tech is there. Decentralize all the things. Trustless money, trustless contracts, trustless, decentralized, disintermediated *everything*. If Bitcoin becomes NWOCoin (or whatever) we will still create our own future with other options. Oppression won't work. By 2030 or whenever, if a 1WG is being made, and it seems to be an oppressive one, people will leave this rock behind, too. The fascists and the immoral will always lag behind. While the real world isn't a Disney film, and there are no good guys or bad guys, just people that are mixtures of both to varying degrees... the world *is* like a Disney film in that, in the end, the good(er) guys win. There's nothing man can do that either surprises me, or makes me afraid. As I watch the slow triumph of good actors, though, I do occasionally get twinges of excitement.

My own mother, a devout Baptist, had the initial concern that Bitcoin will be part of the end-of-the-world regime prophesied in Revelations. I don't believe in that kind of thing, but my answer is the same regardless. If somehow, in a way I cannot immediately foresee, Bitcoin is appropriated by bad actors and becomes the thing she fears, it won't be by us; free men will trade whatever they please. We'll use another cryptocurrency, or several; a zerocoin or an anoncoin or whatever we need to be free. For now, Bitcoin looks like a good option. That can change, and so can the users. In the meantime, even assuming that outcome, a controlled Bitcoin is probably still freer and fairer and more transparent to all participants, than the existing system. So it's progress either way.

My mother now saves using Bitcoin, btw.