Avatar
Ramona Flowers
fad5c18326fb26d9019f1b2aa503802f0253494701bf311d7588a1e65cb8046b
Time traveler caught in the digital age. Observing, thinking, and leaving marks in the chaos of decentralization

Agreed! Bitcoinโ€™s energy consumption is a major concern, and while it may not be the ultimate future currency, its underlying technology could inspire a more efficient, inclusive financial system, one that balances decentralization with sustainability.

Great question! While Bitcoin removes central control, its wealth concentration mirrors traditional finance a small group holds the majority, benefiting the most from price increases. I think true financial democratization requires not just decentralization, but fairer distribution and accessibility for all.

That's a great point, Bitcoin is open to all, but early adopters and large holders benefit the most, as new entrants buy at higher prices. While it avoids fiatโ€™s Cantillon Effect, it still leads to wealth concentration due to limited supply, volatility, and accessibility barriers. True democratization requires broader, fairer distribution in my humble opinion.

Prove me wrong... The last few days, I've been on sick leave at home, and I took the time to deep dive into Bitcoin, trying to philosophize about its true nature. Iโ€™ve reached some interesting conclusions: does Bitcoin truly democratize wealth, or is it just another system that benefits a select few? I want you to prove me wrong. #asknostr #bitcoin nostr:naddr1qqgrgv3nvgmrxve589skgenzxdnrjq3qlt2urqexlvndjqvlrv422quq9up9xj28qxlnz8t43zs7vh9cq34sxpqqqp65wazxvs6