Since 2020, the top 1% captured $26 trillion or 2/3s of all new wealth created, while the other 1/3rd was shared by the entire rest of the world put together.
It’s time for a new system. It’s time for Bitcoin.
Discussion
Definitely sustainable.
Old system was top down. Bitcoin is grassroots
Nostr and zaps are a tool for Bitcoin distribution in a real organic peer to peer and frictionless way. Kudos to us and this circular economy based on Bitcoin. 🍀🫂☯️⚡
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The Plebs will Inherit the Earth 🤙⚡️🟠🟣
How’d you get these number? Define top 1%.
Respectfully, wouldn’t the top 1% of BTC holders (today) amass the majority of wealth while the remaining has to share the rest?
Or is the thought the top 1% will distribute as their incomes rise?
Curious on how you see distribution as adoption picks up.
🙏🏼
The mega owners will pay people with their bitcoin but cannot print any new ones. A gradual redestribution to the rest of the world is 100% certain
Why? Because it’ll be a world of value for value.
Or…will it just promote trading? If 1% holds 99% of the money, & don’t share it, then trading blossoms. Trade you a beef cow (food) for your labour. Trade you hand drawn portrait for car ride to town. Or whatever you have to trade…
Do you find that a probable scenario?
This will not happen. What will happen is bitcoin iou just like gold iou. The poor will have no real bitcoin and the rich will write the laws so only they will legally be allowed to use it...same shit different network. Only way around it is anonymity and privacy which btc devs refuse to implement.
This is kinda how I see it too. It’s more important now for everyone to start stacking to have the underlying.
Fiat is a zero sum game: they gain, we lose.
Bitcoin is a positive sum game: the more adoption, the more we all gain.
1% distribute? Hmmm. Regardless of the currency, greed is very powerful thing
I tend to agree which is why I was asking as I respect James’ take on various subjects 🙏🏼
Imagine island economy of 21 guys. 20 humble plebs living there and one king. King starts with 90% of all coins on the island.
Bitcoin world with fixed amount of coins:
- a pleb produces a new good = value X is created.
- each coin on the island is now (1+X)/1 times more valuable relatively to before. (Other words, prices of goods got cheaper; deflation)
- if king wants the good, he pays his coin of value X for the good to the pleb. King then has 90% - X coins, and plebs have 10% + X coins.
- if the king doesn't produce any value, and buys out any amount of non-durable goods of not fixed value, he will be slowly shifting his wealth to the value producing plebs.
- true equality
Fiat world where king = central banker:
- pleb produces good, value X is created, everyone is (1+X)/1 richer (price deflation)
- king wants the good, so he prints the money of value X (zero real value produced, just a theft of everyone's 1/(1+X) value of their coins (including king's coins)
- if king started with 90% of all coins, he would end up debasing his own savings by 0.9X and plebs' savings by 0.1X for the sake of acquiring 1.0X.
- this is unfairness, and if extrapolated, the king who pays for his goods by printing money, ends up owning bigger and bigger share of coins.
I feel like I went onan Keynesian tangent here. Lol.
Probably too many arbitrary assumption and LoGiC, just to say that money printing is theft. And that you can't keep your share of high wealth in Bitcoin economy unless you produce below average rate of value.
A new system. Maybe a...Great Reset, if you will? Careful what you wish for.
For some completely unfathomable reason I have been permanently suspended from Twitter with absolutely no recourse. 😩😩😩 …so I am so happy I can get your content over here! 😁🙏