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Something I've rarely seen asked in regards to the "Bitcoin will become the main global currency" fever dream fantasy is this: Who would want to live in a worl
by 908087 9y ago
Something I've rarely seen asked in regards to the "Bitcoin will become the main global currency" fever dream fantasy is this:
Who would want to live in a world where a new multi-trillionaire class is created out of thin air, particularly given the shady history of many who would be among those people? What blows my mind is that the people I see hoping for this are often the same ones claiming Bitcoin will improve global wealth inequality.
If you think high wealth individuals have too much control and too little accountability now, just think about what would happen if people who hoarded Bitcoin drug profits and people like Brock Pierce suddenly held hundreds of billions of dollars or more, all of which was liquid.
- bdcravens 9y agoNot really sure how this comment relates to the submitted article. This feels more like if (HN_title.contains('Bitcoin')) { express_generic_opinion(); }
- test6554 9y agoThe ranks of wealthy people are not chosen by a committee who get to vet them based on desirable traits. You either have wealth or you do not. The wealth either belongs to you or it does not.
- XR0CSWV3h3kZWg 9y ago> Something I've rarely seen asked in regards to the "Bitcoin will become the main global currency" fever dream fantasy is this Then you haven't been looking. At the end of the day expressing an opinion that the world shouldn't be a certain thing doesn't do much to prevent that from happening. Whats your plan for preventing what you laid out?