Post
Topic
Board Bitcoin Discussion
Re: Be careful what you wish for, it might happen
by
tadamichi
on 15/07/2022, 16:29:22 UTC
The people that bought Bitcoin very early were already higher in the Pyramid than general since they owned a computer and had some (advanced) IT knowledge. From there on the distribution was probably more an average of society.

Also imagine there will still be a big boom ahead. New entrants will probably invest like 0,1btc while rich people will start with a full one. Same risk profile but bigger pockets
But Bitcoin will still preserve a workers savings over time, something fiat can’t do. Anyone has the opportunity to go in right now at the same price, yet a lot of people are spending more time defending fiat or demanding crazy policies(not you), than to take some actions that can benefit their future. It’s a lost cause to reach even distribution in a free market, because people aren’t rational enough to go in early. These earlier risk takers made it possible in the first place and later on they pay the same price as everyone else. There needs to be some incentive to build something.

You would take away fiat that is controlled by Government and replace it with Bitcoin. Government would never actively allow this so in a Bitcoin world there would be some deconnection from central authority.

For me Bitcoin and reduction of government involvement would go hand in hand. Maybe not in extremes in the beginning but would be a logic consequence
A government that serves its people should have no fears of abandonment, maybe they should rethink who they really wanna serve.