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Many of us believe Bitcoin is going to change the world. But what about the newly acquired wealth in particular?

If the fiat price continues on its parabolic trajectory and BTCUSD hits $1M, $10M, $100M... many of us will see a great rise in net worth.
When people get rich, especially when it's through a slow and intentional process (as opposed to winning the lottery or some other windfall) they do all kinds of things that become possible to them, e.g. donate to charity, support causes they believe in, invest in projects they want to see materialize etc.

Bitcoiners are a unique cohort, they tend to be more pro-freedom, -privacy and -individual sovereignty, anti-establishment, but also more tech-savvy and perhaps more 'on the spectrum', along with a number of other traits, than the average person, or, indeed, the average person who has built their wealth in traditional finance.

With the unprecedented Bitcoin-driven wealth transfer many of us anticipate, that's a lot of purchasing power moving to the hands of this unique, geeky and libertarian / anarchist bunch. And purchasing power translates to other forms of power - the power to vote with one's wallet, (para-)political power, even military-style power.

How do you think it will change the world?

I think one way - which is already happening - is it will inject a lot of value into FOSS, at the cost of the Big Tech, especially black box / walled garden companies like Apple. When I was younger I always wondered how open-source software sustained itself; why anyone would want to do such great work for free. Now a lot of FOSS in the Bitcoin and Nostr space - wallets, LN stuff, clients etc. - is created by people who got into Bitcoin early and the newly acquired wealth allows them to do what they love for free in a way, but at the same building out the ecosystem makes Bitcoin better and contributes to price growth, maybe not directly / immediately but in the form of potential energy, which the next bull cycle will most likely unleash. So their work will eventually be rewarded by the increased purchasing power. It's interesting how Bitcoin's incentives work!
Moreover, the average Bitcoin pleb will be rewarded for the devs' work too, just for getting in before the masses, thereby sharing in the growth. On the surface it looks like they will get rich 'for free', but it's not really free - it's for the sacrifices, the patience, the knowledge and the courage to adopt a fair money in a world that's hostile towards it, which is no less important than the dev work. After all, "We are all Satoshi!"

Another interesting thing is that the fact we've front-run the institutions means when the US ETFs get approved, the institutional money pouring into BTC will make us even stronger against them. If BlackRock puts 2% of their assets into BTC, our bags may grow 10x. If they bump that to 5%, our bags may grow 100x and so on. BlackRock will get stronger, but we'll get 'stronger squared', making BlackRock weaker in relation to us. The Wall Street wealth will become our wealth squared.

No doubt there will be political / societal changes too, but I struggle to predict what those may be; systems that feature exponentiality coupled with noise are too sensitive to initial conditions.

It'll change incentive structures and align incentives, which in turn influences motivation, effort, resource allocation, governance, risk-taking, time preference, etc. Unintended consequences are mitigated by the inability to change or influence the system, as a person with 0 bitcoin has the same influence over the protocol as someone with 1000 bitcoin. They can't vote, collude, or provide security through staking. That's different than fiat systems with variable monetary policy in competition amongst one another.

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If the fiat price continues on its parabolic trajectory and BTCUSD hits $1M, $10M, $100M... many of us will see a great rise in net worth.

I stopped reading right there....
That phrase is exactly how you would describe a fiat maxi, thinking that someday when the price in fiat goes parabolic they will sell and be rich in worthless slavery fiat.

PLEASE STOP BEING SUCH A FIAT MAXI. Stop this fiat mindset!

https://imgprxy.stacker.news/F7T8uMpvaTSZAVnxl8lVon4U_y6UlSyeJpZn8UtMAlg/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvQzFaUUhmTUcvbWF0cml4LW5lby0yLmpwZw

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Exactly. Avoid gloating in your supposed future "fiat wealth". Bitcoiners should avoid focusing on the price and instead promote the open freedom tech that is Bitcoin. Indeed, start and support foss projects and bitcoin ecosystems that break free from gov and bank control.

If we want this movement to succeed, it must not be about getting rich but about freedom and sovereignity for all, not only the early adopters. Bitcoin is for everyone.

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it must not be about getting rich but about freedom and sovereignity for all, not only the early adopters. Bitcoin is for everyone.

Said an early adopter presumably sitting on a bag of sats...
The early adopters will be rewarded more, and for a good reason. They deserve it more.

Getting rich in purchasing power is one of the most powerful incentives for the adoption of Bitcoin; denying that and pretending it doesn't exist is just ridiculous.

I'll focus on FOSS projects when my stack pumps. For now I have to work for fiat so I can pay my bills.

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Please don't flatter me :-)

Getting rich should not be the incentive as most won't (who knows, maybe not even today's adopters). For me, the incentive has always been to preserve purchasing power (savings vehicle). That's a much healthier stance.

I agree that early adopters deserve to be rewarded, but I hope they (for some part) act in the best interest of the community iso only themselves. A certain Bitcoin ethos you know.. Otherwise, what is this movement other than everyone trying to get fiat rich first. In that case, Bitcoin will probably not succeed.

Unfortunately, I lack a certain set of skills to contribute a lot in the space, so I too spend my days in the fiat mines. However, you can support foss projects by donating small sums. No need to quit your job in order to support the ecosystem. I try to support projects here and there financially, and by testing/using their products.

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I am an early adopter, but I don't care too much about that "reward" expressed in value.
I am more interested into knowledge and freedom, because knowledge is true power.
https://imgprxy.stacker.news/VxtKWC17ldw4HCJsB1475VAHg6WcmFYj20Mtkeyxedg/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvRDBDRkhzMFgvZGFydGgta25vd2xlZGdlLnBuZw

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Replace the $ values with "purchasing power"; which part of my post is still invalid?

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purchasing power is not the same as price. in $hitcoin fiat.
Value is not same as price.
You are still referring to $ and always think in $, that makes you a fiat maxi.

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Again, which part of my OP is invalid if you replace price with purchasing power?

Or don't you expect the purchasing power to rise, and a real (i.e. not just nominal) wealth transfer to happen? For that to happen, either the economy would have to stagnate forever, or Bitcoin adoption would have to not happen.

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Again you are mixing price with purchasing power (value in time). Are not the same.
Study some praxeology or read Knut's book about.

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Besides the comeback of free market capitalism the dethroning of central banks will be a personal joy for me.

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