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The greater system Bitcoin would represent, assuming wide future adoption, would be a plutocracy, which I stated in the earlier post. If early adopters maintai
by throwdecro 5y ago
The greater system Bitcoin would represent, assuming wide future adoption, would be a plutocracy, which I stated in the earlier post. If early adopters maintain the anything close proportion of BTC they currently hold, they'd form a small wealthy overclass; and if the lending and spending necessary for society to function is controlled by them, they'd effectively control society. It wouldn't resemble Switzerland at all.
I wouldn't expect those plutocrats to get along in perpetuity, and if there's no way to expropriate their inheritances, they'd form a permanent class of (potential) warlords.
- quantumBerry 5y agoThat's quite an interesting tale Mr. Nostradamus!
- deleted 5y ago[deleted]