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This is the thing I do not fully understand about crypto and more specifically Bitcoin. If Bitcoin is successful, it will inevitably create a tiny group of supe
by cracker_jacks 5y ago
This is the thing I do not fully understand about crypto and more specifically Bitcoin. If Bitcoin is successful, it will inevitably create a tiny group of super-wealthy early adopters amongst everyone else and we are back to the same rigged system evangelists were arguing crypto solves. Even worse, there is no method of confiscation/redistribution/taxation to prevent monopolies.
- plorkyeran 5y agoWhat about that do you not get? That's exactly what the people pushing it are hoping for.
- landemva 5y agoDo you have any btc, or still waiting in case it doesn't catch on?
- cracker_jacks 5y agoCan you explain how permanent monopolies won't become a problem?
- jjk166 5y agoHow would they become a problem? No matter how much bitcoin one entity holds, it in no way limits the ability of others to exchange bitcoin.
- cracker_jacks 5y agoBecause the ability to accumulate wealth becomes easier as you have more of it.