Nostr Web Client

I had an interesting conversation today with a friend who doesn’t like Bitcoin. He posed a difficult question.

How will #bitcoin solve the “Monopoly Problem”?

In the board game, one person ends up having all the money.

And it seems there is game theory to back this up… in situations like this, with enough time, someone (or thing) owns everything.

Since #bitcoin is decentralized (which I love) there is almost no way to regulate that.

What if in the future one malicious man (because people with that much ambition often have dark-tetrad qualities) or, even worse, a government owns everything?

That would eliminate competition and the free market. We’d all be living in a “Potter’s Vill” that we can’t escape from!

Has anyone thought about this and has a good solution or answer?

#asknostr

JT 7mo ago 💬 2

It just won't be used at that point.

Just like when USD fully crumbles and is no longer the reserve, the replacement for Bitcoin will do the same thing as it's predecessor.

Reply to this note

Please Login to reply.

Discussion

Laban LaGreca 7mo ago

Yea! That’s definitely the best answer I’ve been able to come up with too! I guess nothing stops evolving, even “perfect money!”

JT 7mo ago 💬 2

I'm on the fence to that though, what with the heat death of the universe happening before we're able to truly brute force private keys, at least with today's silicon chips.

When we figure out how to efficiently store and compute data with DNA, none of this discussion matters, at all. :)

Laban LaGreca 7mo ago

Holy crap, now that (the DNA thing) does sound like a true solution, but that sounds like a solution I’d never want to adopt! Just like I won’t adopt a neuralink if it’s the last thing I do!

JT 7mo ago

The machines will have taken over by that point. AI will never be altruistic.