Bitcoin is not a solution to oligarchy. No money can be. It is a constraint on monetary manipulation as a source of oligarchy.
Wealth concentration without coercion is not a systemic failure and the ability to “buy everything” is limited by market dynamics (and absence of state privilege). Permanent, unassailable dominance is IMO unlikely without institutional support.
Expansion at that scale historically depends on credit expansion, not accumulated savings.
So, no I'm not worried about that.
Diacone Frost
npub1sc…mq7fu
2026-05-01 06:20:15 UTC
in reply to nevent1q…ffgt
Author Public Key
npub1sceswwu9vldf0tg3nlkajutp2j4zsv35ewma9r23x8d2qa73eaaqmmq7fuSeen on
wss://nostr.momPublished at
2026-05-01 06:20:15 UTCEvent JSON
{
"id": "0000d8f9438f88ba55bb6d94ce28fccec14456c8940cafb4b24d0dc50d194e3d",
"pubkey": "8633073b8567da97ad119fedd9716154aa283234cbb7d28d5131daa077d1cf7a",
"created_at": 1777616415,
"kind": 1,
"tags": [
[
"e",
"f9b74594a726cd25698862cd9372d81b74028ae9723959f8eb147a1bc89f18e4",
"wss://theforest.nostr1.com",
"root"
],
[
"p",
"dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319"
],
[
"client",
"Wisp"
],
[
"nonce",
"38419",
"16"
]
],
"content": "Bitcoin is not a solution to oligarchy. No money can be. It is a constraint on monetary manipulation as a source of oligarchy.\n\nWealth concentration without coercion is not a systemic failure and the ability to “buy everything” is limited by market dynamics (and absence of state privilege). Permanent, unassailable dominance is IMO unlikely without institutional support. \n\nExpansion at that scale historically depends on credit expansion, not accumulated savings.\n\nSo, no I'm not worried about that.",
"sig": "caf3d1a31db37b89efd7de851bb3d0a692e7d63afba52a467c1f02570e116d00ea6b0ab56180197bd0341291a0ba7ff61b77c82733ddd9f871ee18004b499d2e"
}