wealth does not need to be decentralized. It simply needs to flow from net consumers to net producers. That way, those who serve society are rewarded and those who predate upon it are punished.

Bitcoin facilitates this by preventing the most powerful people, who are the biggest net consumers on Earth, from stealing the wealth from the net producers.

"Fair money" does not mean everyone has a bunch of it. Fair money means it flows to those who provide goods and services that society wants, and flows away from those who do not.

Reply to this note

Please Login to reply.

Discussion

Sure, flowing and being decentralized is the same thing in this case in my perspective.

Bitcoin might become the best property in the world and thus become the only real flowing channel we need. But that doesn't mean that there shouldn't be other flowing channels.

Because to your point, one of the challenges is defining who's the producer and the consumer. It always was and always will be.

In other words, I think the company model will also evolve. Ownership models will probably evolve everywhere. It seems inevitable. And I believe that just like Bitcoin the most win-win-win ownership model will win. Bitcoin is a non-zero sum game. Thinking in producer vs consumer is a kind of a zero sum game. The non-zero sum games will always be better than zero sum games. In other words, the win win win model.