Replying to Avatar Cyph3rp9nk

Very much agree with this meme. It is inevitable that states will create strategic reserves of Bitcoin according to Gresham's law, but it is very stupid for Bitcoiners to applaud it.

Bitcoin is for the good guys and for the bad guys blah blah blah, but if the majority of Bitcoin is held by the bad guys we go back to the idea of the money changers of the 15th century, since then they control gold, unfortunately most Bitcoiners despise history and have learned nothing, you have had 15 years to accumulate as much as possible, time is running out and history seems to repeat itself.
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SuiGenerisJohn 1y ago

Are there any good statistics or estimates on historical aggregations of wealth like who or what entity controlled the wealth of the world or this or that sovereign or incorporated entity at a given time?

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Cyph3rp9nk 1y ago

Thomas Piketty's Capital in the 21st Century, although the author totally misses the cause of capital accumulation.

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SuiGenerisJohn 1y ago

A number of years back I got about halfway through and put it down maybe I’ll go back just to review the stats I’m basically an entire different person in some ways now.