Replying to Avatar Sats paa BTC

I wholeheartedly agree that bitcoin is the best hedge against inflation and collapse of the fiat system.

What I'm wondering though is whether bitcoin is actually distributed enough to make it attractive for latecomers to join in. MicroStrategy already has accumulated a huge chunk of all available sats. How high do you think the risk is that a bitcoin standard would again be a system that privileges the few and oppresses many?
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BitcoinHatGuy 2y ago

You make a great point. You're always going to have a first mover advantage for those that took a risk early. The difference with bitcoin is it will increase your purchasing power no matter when you decide to invest in it. We know that because of the 21M cap and the rules are the same, no matter geo location, age, race, creed, etc. Unlike our current system. Yes, you'll have very wealthy people that invested early. There's no getting around that no matter the system. The rules remain the same for all. Bitcoin levels the playing field. Keep on bitcoining!

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Sats paa BTC 2y ago

Good points with the absolute scarcity and the ever-increasing purchase power. And yet at the same time it's difficult to comprehend that you may for a long time have people and companies being richer than nation states...

That raises the risk for a state to start using bitcoin. But of course, if a couple of other states would follow the example of El Salvador, game theory would kick in and we'd see a battle to get as many sats as quickly as possible