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if you assume that the world order is controlled by the 1000 most powerful / wealthiest individuals in the world, they have more to gain from self custody enabl
by naveen99 5y ago
if you assume that the world order is controlled by the 1000 most powerful / wealthiest individuals in the world, they have more to gain from self custody enabled by bitcoin than everyone else. they also probably benefit more from financial privacy more than anyone else . Their incentives are aligned with bitcoin. Now they may not want to hold all their wealth in bitcoin, but surely some integer percentage, as big as 20%.
- SignalNotSecure 5y agoCompletely disagree. They have even more to gain by being in absolute control, and bitcoin cannot be completely controlled, unlike a financial instrument which can be adjusted at the whim of the court systems and by decree from a central institution
- naveen99 5y agoThere is no central court or institution. Trillionaires don’t trust those things. The only absolute control is in themselves. The principal agent problem is not solvable at that level.
- SignalNotSecure 5y agoTrillionaires still work in teams; they don't operate in a vacuum. Their influence extends throughout government, which is how they enforce their will, using the police, military, and court systems.
- knownjorbist 5y agoWouldn't the incentives be the exact opposite? The "top" 1000 people on the planet currently benefit from the existing system's hegemony.
- naveen99 5y agoThere is no hegemony at that level. It’s anarchy.