The iron law of Bitcoin:
In the long run, the more the price of bitcoin appreciates, the more decentralized Bitcoin must become, and vice versa.
Discussion
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This sounds more like a belief or a well crafted narrative than backed up by hard data.
At least I would expect some stats or data points to strengthen your argument instead of an AI generated image that only makes me doubt your claims.
Logics, really.
A monetary system is a network.
The value of money with absolute scarcity will first of all depend on the network effects.
Furthermore, the more units of money you control, the less value each unit has for you, so you become more willing to let some units go as the value increases.
The combination of
- money first of all having value due to network effects
- absolute scarcity
- the law of diminishing marginal utility
indicates strongly that the iron law is correct
This sounds about right.
When more and bigger countries adopt bitcoin and the price increases by another order of magnitude, countries will further decentralize bitcoin on all levels. Nodes. Miners. Production of miners. Etc.
Bitcoin is a natural anti-monopoly. The stronger it grows. The more decentralized it becomes. Beautiful
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