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I never really thought bitcoin would help social inequality, I always thought it would make it worse. I.e. poor ppl are bad with money, low iq, bad foresight, and bitcoin can’t be reappropriated so the game is playing for keeps. The etf action is only confirming this. Poor ppl are barely keeping their heads above water, how is Bitcoin going to save them? They are just growing more bitter and disillusioned. It’s opt in, if you don’t buy any bitcoin it’s not going to do you any favors. Ppl have to save themselves.

mrclownworld 1y ago

If the poors and working stiffs still have access to bitcoin once it is at TAM (not guaranteed, given scaling challenges), then they at least have access to the benchmark for savings

And if bitcoin does become the unit of account too then their wages could be sticky against general deflation

And if the use of credit for housing and the use of housing for savings drops, more will be able to afford homes

These are decent wins for the little guy and much more fair than the present system

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