Regarding #BTC distribution vs wealth concentration.
Early hodlers will have an advantage - but it is by design transient.
BTC balances will tend towardstracking the difference between value consumption and creation for any person or entity.
Insofar as those needing to consume are prepared and able to create value they will be able to maintain their BTC balance.
Insofar as those choosing to (or forced to) consume more than the value they create their BTC balance will diminish.
However a diminishing BTC balance may also hold purchasing power (because deflation h/t Jeff Booth (npub1s05…eyhe) ).
The very idea that may be a problem with uneven distribution during the next 120 years is thus moot. Why? ...
BTC ownership is designed to decentralise over time and always will.
This remains true so long as essentials and preferences require any effort of any sort to be acquired (while there is any scarcity of resources). So scarce money drives towards abundance (for all)
In short scarce resources (of any sorts that are commonly needed) assure wealth redistribution and decentralisation.
Temporary exceptions include monopolies and state controls - however since both must be defended to sustain power - they too are eventually decapitated.
But why is concern over the initial imbalance moot - because it is a vast improvement over #fiat being directionally opposite !
zimfox / ZimFox
npub10n…wdpe5
2024-09-13 14:13:57
Author Public Key
npub10n40l0xrlrz7fu9j4x72v6k0qr7ud6vvz56y5p0ef9nfu9pmnetqxwdpe5Seen on
wss://relay.damus.ioPublished at
2024-09-13 14:13:57Event JSON
{
"id": "3127fef76f3e373798f8c7688fae84ddd8661fa39a0eca9b718b1c828eee0edf",
"pubkey": "7ceaffbcc3f8c5e4f0b2a9bca66acf00fdc6e98c15344a05f949669e143b9e56",
"created_at": 1726236837,
"kind": 1,
"tags": [
[
"t",
"BTC"
],
[
"t",
"fiat"
],
[
"p",
"83e818dfbeccea56b0f551576b3fd39a7a50e1d8159343500368fa085ccd964b",
"",
"mention"
]
],
"content": "Regarding #BTC distribution vs wealth concentration.\n\nEarly hodlers will have an advantage - but it is by design transient. \n\nBTC balances will tend towardstracking the difference between value consumption and creation for any person or entity.\n\nInsofar as those needing to consume are prepared and able to create value they will be able to maintain their BTC balance.\n\nInsofar as those choosing to (or forced to) consume more than the value they create their BTC balance will diminish.\n\nHowever a diminishing BTC balance may also hold purchasing power (because deflation h/t nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe ).\n\nThe very idea that may be a problem with uneven distribution during the next 120 years is thus moot. Why? ...\n\nBTC ownership is designed to decentralise over time and always will. \n\nThis remains true so long as essentials and preferences require any effort of any sort to be acquired (while there is any scarcity of resources). So scarce money drives towards abundance (for all)\n\nIn short scarce resources (of any sorts that are commonly needed) assure wealth redistribution and decentralisation.\n\nTemporary exceptions include monopolies and state controls - however since both must be defended to sustain power - they too are eventually decapitated.\n\nBut why is concern over the initial imbalance moot - because it is a vast improvement over #fiat being directionally opposite !\n",
"sig": "2ed144eefb32b96546c2480be8caab6af59b01a789442b776bf9226e1f824925de5609382646688906728c4279b59f769478e5966944587b547f99186ba8ebc7"
}