Thank you Jeff, I think without a doubt this is some of the most vital and important information of our time, we absolutely cannot let the powers concentrate on any way shape or form, it's already looking like they are gearing up for a 1984 scenario or worse, damn I gotta quit smoking and stick around this is gonna get interesting.
One thing I can't wrap my head around, how would goverments would allow this transfer of wealth/power of monetary system? Also it would mean that majority of wealth would be concentrated in the hands of early adopters of btc, which I guess is positive for them claiming such outcome but probably not for the rest 99% or so who don't have that much of btc exposure
As long as one can buy BTC then she has a growing savings or at least a stable saving versus one constantly losing value in fiat currencies. That's a superb start but also BTC would be distributed because just like property in the US the average size of property gets smaller over time. People want to make or utilize the savings held in property and this will also happen to BTC owners. Also BTC should grow in value over time as a greater subset of society sees it is holding its value versus fiat currencies. Plus it will become easier to put to use much as Apple apps are enabled in more and more ways to provide utilization.
The wealth is concentrated today anyways, the difference is that with BTC the concentration will fade over time, instead of keeping concentrating as it's happening now.
if it gets globally adopted it would still be better over the long run for the 99% as their savings do not get debased but rather inflated over time as their jobs get automated and their salaries reduced as is what is happening now anyways. So it becomes a single vs double headed dragon. I still don't like that outcome.
Thank you Jeff, I think without a doubt this is some of the most vital and important information of our time, we absolutely cannot let the powers concentrate on any way shape or form, it's already looking like they are gearing up for a 1984 scenario or worse, damn I gotta quit smoking and stick around this is gonna get interesting.
One thing I can't wrap my head around, how would goverments would allow this transfer of wealth/power of monetary system? Also it would mean that majority of wealth would be concentrated in the hands of early adopters of btc, which I guess is positive for them claiming such outcome but probably not for the rest 99% or so who don't have that much of btc exposure
As long as one can buy BTC then she has a growing savings or at least a stable saving versus one constantly losing value in fiat currencies. That's a superb start but also BTC would be distributed because just like property in the US the average size of property gets smaller over time. People want to make or utilize the savings held in property and this will also happen to BTC owners. Also BTC should grow in value over time as a greater subset of society sees it is holding its value versus fiat currencies. Plus it will become easier to put to use much as Apple apps are enabled in more and more ways to provide utilization.
The wealth is concentrated today anyways, the difference is that with BTC the concentration will fade over time, instead of keeping concentrating as it's happening now.
if it gets globally adopted it would still be better over the long run for the 99% as their savings do not get debased but rather inflated over time as their jobs get automated and their salaries reduced as is what is happening now anyways. So it becomes a single vs double headed dragon. I still don't like that outcome.