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Cyrus Younessi @cyounessi1
, 5 tweets, 1 min read Read on Twitter
0/ This is a fundamental misunderstanding of the point of Bitcoin/crypto
1/ The goal of crypto isn't to redistribute the wealth in some sort of socialist sense (we're not airdropping coins to everyone so we can all be happy together). The point of crypto is to wrest undue power away from those who have honestly earned their wealth.
2/ For example, fiat wealth brings extra advantages that are undeniably unfair and abusive towards the rest of society. With fiat wealth comes political power and control over the money supply, leading to unchecked power and control.
3/ What extra power does a wealthy Bitcoin or Ethereum holder have? In theory, they should have none, because they do not control the money supply or the network (assuming mining is decentralized, which I agree is not right now).
4/ In cryptoland, wealth doesn't bring political power. Or, rather, it shouldn't if it's been done right.
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