2 ms·

I'm not convinced. If I own a row of houses, bitcoin displacing dollars won't change that.

• danieltillett 9y ago
  If you just own a row of houses you are not part of the 0.01% who are in control of the money supply.
  • EliRivers 9y ago
    If I own so many houses (or other such assets that aren't simply a pile of dollar bills) that I'm part of the 0.01% (since you've changed the argument from "owners of capital" to "0.01%"), the dollar being displaced by the bitcoin as currency of choice doesn't change that.
    • danieltillett 9y ago
      It does when the interest rate you have to pay on the mortgages you have over the properties can no longer be controlled. If you were the owner of many houses in 2007 and we used bitcoin rather than dollars you would have been in for a world of pain.