Replying to Avatar victor

But the fact is that, over time, the currency will permanently deflate.

The people who HODL indefinitely have their currency become more and more valuable (assuming it is widely adopted), while the people who join the system fresh with nothing are chasing after smaller and smaller scraps.

Over time, you have a class of early adopters who have disproportionate control over the economy, simply because they were there first.

...Does this situation sound familiar?
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Fiat Shenanigans 🤡🌎 2y ago

It gives me great hope for the future of humanity that soon the most wealthy people in the world will all have minds grounded in Austrian economics and principles of individual liberty.

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victor 2y ago

"It's bad when a tiny minority control all the wealth except when it's us"

Okay, thanks, that's all I needed to know about you

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Fiat Shenanigans 🤡🌎 2y ago

If you're hoping for an 'equitable' distribution of wealth, that will never happen and should never happen.

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victor 2y ago

Nope, not equitable, but it sure seems awful that someone with the same intelligence, who happened to be born later, should be enslaved to the psychopaths who own everything.

And when these ultra-wealthy bitcoin HODLers die and their kids inherit their wallets, do you think they will hold to the same moral standards as their parents?

Do you not see the parallels between the current system and the utopian vision you're advocating for?