Post
Topic
Board Economics
Re: What’s consensus?
by
bitgolden
on 19/09/2021, 20:03:51 UTC
<snip>

That is the consensus of Bit Civilization, whose cornerstone is algorithms and technology, transcending human nature in that it is not governed by people and it manages people with the help of algorithms. That's why I gave it that name, it is an advanced human civilization. Bitcoin is leading us from a low-level civilization to a high-level one. It may take one or five or even ten decades, but I believe it will come and no one can stop it.


This is my understanding of some basic concepts of consensus. What's your point?
So are we really reaching a new consensus as you have said? It has been said so many times that Bitcoin is going to create a balanced distribution of wealth in the world, and if I am to see something about that, then it is far from that. There is no balance distribution of wealth, because the rich are even the ones that are getting more rich as they are taking advantage of every opportunity that comes out to increase their level of wealth.

The poor who don’t have money to invest in assets like this, cannot get anything from it. Unless they are going to work very hard for them to earn what they want. But there have been some average people who were able to invest little in Bitcoin and they became rich,  which is good.