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Bitcoinβs 21mn supply cap is arbitrary because infinite decimal subdivision creates effective access without solving fundamental exclusion. 1/x
Bitcoinβs 21mn supply cap is arbitrary because infinite decimal subdivision creates effective access without solving fundamental exclusion. 1/x
When adoption peaks, BTC will concentrate in the hands of a wealthy minority (Group A), the Oligarchs. Leaving the majority (Group B) permanently locked out.
Greed ensures Group A refuses to sell even satoshis [why trade away BTC for worthless fiat in a BTC-centric world?]. 2/x
Greed ensures Group A refuses to sell even satoshis [why trade away BTC for worthless fiat in a BTC-centric world?]. 2/x
Subdividing sats into sub-sats or smaller is merely technical theater; it doesnβt address the core economic reality: Group B has no pathway to acquire BTC.
Those who have the means (pre-existing assets like land etc) would have already done so, thus placing them in Group A. 3/x
Those who have the means (pre-existing assets like land etc) would have already done so, thus placing them in Group A. 3/x
This cuts to Bitcoinβs original sin: mistaking protocol scarcity for equitable access. Divisibility optimizes allocation among existing holders but ignores the excluded.
This is fundamental to understanding the core issue. 4/x
This is fundamental to understanding the core issue. 4/x
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Group A, controlling meaningful wealth, would rebel against gov taxation; funding public goods for "freeloading" Group B. There would be 2 scenarios evolving from that: 5/x
Group A, controlling meaningful wealth, would rebel against gov taxation; funding public goods for "freeloading" Group B. There would be 2 scenarios evolving from that: 5/x
Scenario 1: Why would the oligarchs fund a state via taxes in BTC when they can build privatised infra, security, & services exclusively for themselves?
Group A would form self-sufficient, corporate-run state powered by automation, severing ties with the society. 6/x
Group A would form self-sufficient, corporate-run state powered by automation, severing ties with the society. 6/x
Corporations in a post-fiat world will want control of resources for self sufficiency and security.
Imagine a private mining company with no BTC, has to fund their OPEX (fuel, machinery etc) with BTC. What's stopping the oligarchs from making their own mining company? 7/x
Imagine a private mining company with no BTC, has to fund their OPEX (fuel, machinery etc) with BTC. What's stopping the oligarchs from making their own mining company? 7/x
Weβve seen this happening with $AMZN Amazon where they diversify so easily into new industriesβ0 barriers.
They donβt need you and the now-worthless fiat. They can produce on their own and implement a very rigid corporate ruling. 8/x
They donβt need you and the now-worthless fiat. They can produce on their own and implement a very rigid corporate ruling. 8/x
Scenario 2: Fractured govs attempting to tax BTC-poor Group B would resort to:
β’ Confiscate real assets (land/crops).
β’ Force serfdom labour.
This sparks anarchy.
State collapse is inevitable when [fiscal authority relies on a currency hoarded by an untaxable elite]. 9/x
β’ Confiscate real assets (land/crops).
β’ Force serfdom labour.
This sparks anarchy.
State collapse is inevitable when [fiscal authority relies on a currency hoarded by an untaxable elite]. 9/x
Since govs donβt have power/resources over meaningful BTC acquisition, they either collapse or enforce with military powerβonly if power still resides with them in a BTC-centric system. Which is very unlikely. 10/x
This isnβt speculation. Itβs incentive-driven design.
β’ Bitcoinβs architecture rewards hoarding/HODLing and enables exit from societal obligations.
β’ States lose monopoly but replaced with oligarchs controlling the money.
A lose-lose situation for the innocent. 11/x
β’ Bitcoinβs architecture rewards hoarding/HODLing and enables exit from societal obligations.
β’ States lose monopoly but replaced with oligarchs controlling the money.
A lose-lose situation for the innocent. 11/x
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Group Aβs self-sufficiency negates any need to engage with Group B. With automated production and energy independence, oligarchs require nothing from the masses. 12/x
Group Aβs self-sufficiency negates any need to engage with Group B. With automated production and energy independence, oligarchs require nothing from the masses. 12/x
Group Bβs labor and resources become worthless in an economy denominated solely in BTC they cannot earn or own.
If Group B so much as have a land, it'd become meaningless without capital to develop it.
Agriculture? Unmonetisable without BTC access. 13/x
If Group B so much as have a land, it'd become meaningless without capital to develop it.
Agriculture? Unmonetisable without BTC access. 13/x
This regresses them back to traditional farming which may sustain them for some time. Relying on trades within Group B itself with an alt currency of their own, unless one manages to opt to BTC after finding significant leverage to present to Group A for inclusion. 14/x
This creates a two-tiered humanity:
1. Techno-feudal lords.
2. The disenfranchised underclass in collapse zones.
When Group B realises production invites confiscation and starvation is the alternative, targeted violence becomes rational. 15/x
1. Techno-feudal lords.
2. The disenfranchised underclass in collapse zones.
When Group B realises production invites confiscation and starvation is the alternative, targeted violence becomes rational. 15/x
Bitcoinβs scarcity doesnβt just breed inequality, it architects human redundancy.
Bitcoinβs "sound money" prioritizes holder sovereignty over societal continuity. This is the crux of the issue. 16/x
Bitcoinβs "sound money" prioritizes holder sovereignty over societal continuity. This is the crux of the issue. 16/x
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BTC isnβt just economically flawedβit risks unintentional exclusionβit guarantees permanent disenfranchisement. Group Bβs irrelevance removes all peaceful interaction incentives. 17/x
BTC isnβt just economically flawedβit risks unintentional exclusionβit guarantees permanent disenfranchisement. Group Bβs irrelevance removes all peaceful interaction incentives. 17/x
Oligarchs wonβt trade BTC for Group Bβs outputs; theyβll weaponise their wealth to crush dissent.
Governments reduced to taxing dust will implode, leaving literal warlords and anarchic pockets. This isnβt currency evolutionβitβs societal suicide via tech. 18/x
Governments reduced to taxing dust will implode, leaving literal warlords and anarchic pockets. This isnβt currency evolutionβitβs societal suicide via tech. 18/x
The 21mn cap is a countdown to mass displacement, where human worth is measured in satoshis and violence may be the only leverage for the stateless.
Bitcoinβs birth was out of sincerity but the unintended effect is neo-feudalism with cryptographic borders. 19/x
Bitcoinβs birth was out of sincerity but the unintended effect is neo-feudalism with cryptographic borders. 19/x
Learn from history when a group with massive resources and firepower forces their way into new lands, the indigenous will be sidelined for resisting.
When EMusk/Jezzosβs henchmen come knocking on your doorstep, be prepared to comply or face exclusion. 20/x
When EMusk/Jezzosβs henchmen come knocking on your doorstep, be prepared to comply or face exclusion. 20/x
With novel tech we see today:
β’ Brain chips.
β’ Automated vehicles.
..many more
Designed to track actions. Everyone knows today that it's not a coincidence a specific ad appears somewhere after you talk while your device is in proximity.
Data to profiteer the oligarchs. 21/x
β’ Brain chips.
β’ Automated vehicles.
..many more
Designed to track actions. Everyone knows today that it's not a coincidence a specific ad appears somewhere after you talk while your device is in proximity.
Data to profiteer the oligarchs. 21/x
A world where holders evolve into sovereigns and the masses become expendable biomass. No monetary system predicated on absolute scarcity survives contact with human desperation.
I fear that collapse is on the horizon should BTC takeover of Fiat is absolute. 22/22
I fear that collapse is on the horizon should BTC takeover of Fiat is absolute. 22/22
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