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Some day we will look back and marvel at Bitcoin becoming the largest wealth transfer mechanism in history, mostly from poor people to small number of already r
by rootusrootus 4y ago
Some day we will look back and marvel at Bitcoin becoming the largest wealth transfer mechanism in history, mostly from poor people to small number of already rich people.
- sparkie 4y agoThe transfer is from people with a high time preference to those with a low time preference. There are ~56 million 'millionaires' in the world. Not even half of them can ever own 1 bitcoin. Many jobless/formerly jobless bums have >1 bitcoin.