Many will scoff at this but it’s not far fetched.
The flip side of cheering on bankers and billionaires as they pile into Bitcoin is that it is re-enforcing the status quo wealth distribution.
If we’re not careful it may even exacerbate it.
The flip side of cheering on bankers and billionaires as they pile into Bitcoin is that it is re-enforcing the status quo wealth distribution.
If we’re not careful it may even exacerbate it.
https://twitter.com/TheStalwart/status/1344279448837877761
With the way many Bitcoiners romanticize the gold standard, you would think that the gold standard was actually popular when we were on it.
Hint, it was not.
Hint, it was not.
I strongly believe BTC is an important check on privileged parties controlling the money supply and abusing their power.
I also believe the certainty Bitcoin provides people over the preservation of their wealth is important as well - Bitcoin is stable, apolitical, and reliable.
I also believe the certainty Bitcoin provides people over the preservation of their wealth is important as well - Bitcoin is stable, apolitical, and reliable.
But Bitcoin does not address wealth inequality.
That’s why I’m more excited about protocols built on Ethereum (and other blockchains) that leverage the same principles as Bitcoin to broaden economic opportunity and distribute wealth more equitably to those who create it.
That’s why I’m more excited about protocols built on Ethereum (and other blockchains) that leverage the same principles as Bitcoin to broaden economic opportunity and distribute wealth more equitably to those who create it.
https://twitter.com/ryanwatkins_/status/1309289171970916353
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