Address what? Your speculation that a new technology means capitalism will deter greed and centralization of capital?
Discussion
Your obsessed with capitalism having a role. Capitalism doesn't give a shit. It just means you are entitled to your labor/time/energy. That's it. The only incentive that creates is for the individual to progress. By what means is irrelevant. The means are determined by the incentives of the money. Not the economic system you choose. With hard money, there is no progress without proof of work.
Obsessed, no, but I don’t blindly ignore facts and history. I know capitalism doesn’t give a shit, that’s what I’m conveying to you. “By what means is irrelevant “ wow, you hung that piñata out there.
The fact that Bitcoin is more distributed over time, not less.
Has Saylor aquired more Bitcoin over time or less? Is the U.S. trying to acquire more bitcoin or less?
They want more. Everyone wants more. What's your point? That doesn't make the pie any bigger. We all still have the same amount of Bitcoins to buy. I want more, you want more. New people will want some. As price goes up, large holders take profit. Those coins make their way to new hodlers. Happens every cycle. So utxo count grows.
Oh, I thought it gets more distributed with time. So, one day everyone will have equal amounts of bitcoin. That seems off but if you say so.
Well... I mean there will always be exceptional humans and mediocre humans. So there will always be a gap based on ability. The problem now is mediocre humans can make profit without proof of work by rent seeking. That's causing regression.
Yes, rent seeking behavior is abhorrent. If you break down the psychology of rent seeking behavior, you may find overlap in other areas. You think you can’t “rent seek” with labor? Could I use bitcoin for “rent seeking” behavior?
Rent seeking is not as profitable as proof or work on a hard money system. Incentive is to build, not seek rent.
That makes no sense but it was a pleasure conversing with you.
Hard to make money renting property when it doesn't have a 70% monetary premium attached to its assets price... Property taxes, maintenance, bills... It's a huge liability as it can be easily confiscated. It's not portable at all. All a leaking faucet for your money. The only reason real estate is so expensive is because it demands a monetary premium because our money can't store any value. On a hard money system real estate will lose its monetary premium since you can store that in the money instead. Rent seeking becomes much harder. You have to build the house if you want profit in this system.