Avatar
Foilosopher
83f018060171dfee116b077f0f455472b6b6de59abf4730994022bf6f27d16be
Foiling, Surfing & Bitcoin

#toyota brothers

#nostr where the first 3 comments are collectively hidden and we pretend all is fine.

Its not from one account. The accounts a duplicating just as fast as you can block atm

Everyone. It's relentless. Ive given up until somebody smarter than I starts implementing in a real #bitcoin cost to spam.

Yeah the point is we were meant to raise the cost of spam by building on #bitcoin. Need those minimum sats to comment filters IMO

Anyone else getting the spam account in comments?

Your starting assumptions are off a bit. For example if the US Gov would put all its power and fiiat privilage to buy #bitcoin they'd be lucky to get a few percent. There is no small number owning 25%. Its already beyond that kind of concentration. Due to its pseudonymous nature you never really know if any entity still control keys or have lost them in an unfortunate accident 🌊 or to an irresponsible grandchild. Death is real so all coins eventually change hands or are lost forever. But yes, generally Austrian ecomics win out in time eith regards to economic distribution.

I'm thankful today that someone wanted my worthless infinate fiat in exchange for their #bitcoin. I'm thankful for this opportunity every day. One day the music will stop.

I'll try and find the data. Because its all public and auditable on chain it shows the distribution is already happening as expected of a natural system. Flowing out into the population on a normal distribution curve. There will always be some with more and more with less as is expected by the math. But more doesn't give you power over others like fiat. You cannot economically take it through coersion or inflation so you have to exchange value through voluntary means. The person with more that produces less value in products and services will need to distribute theirs to those who have services and products of value. There's a reason Satoshi called it a time chain. It's truly finite. So the math will become as fair as nature can allow.

Good question. Morals aside. I'd simply say one system is artificially centrally controlled (printing fiat) the other is a decentalised natural system (Bitcoin). You'll find that those who bought early will also reveal how they lost and spent UTXOs in proportional amounts. And in the end it plots out as a perfect distribution. Over time UTXOs will shift from those who do not produce value to those who produce more value. Granted, if you're a central bank and print fiat to buy Bitcoin you'll add a short term anomaly in the data but I'll smooth out eventually.