0 sats \ 0 replies \ @birdeye21 10 Oct 2023 \ on: Imagine a Bitcoin society, but how will it function? bitcoin
See what happened to Blockbuster. Bitcoin is a BIG deal.
The current monetary system is what props up crony capitalism. The free market has no ability to be "free" when money can still be manipulated. On the flip side, immutable money creates an even playground that everyone build off of.
Those at the bottom actually have the least amount of friction to incorporating bitcoin into their countries. Undoing the USA's legacy financial system requires much more work. Meanwhile, developing countries will skip the banks altogether and onboard new financial platforms built on bitcoin. To make this a reality we DO need more tech penetration throughout the world -- but zoom out a bit: today's tech is VERY, VERY young, and rapidly spreading throughout the world. We cant conceive of the solutions that's be available 5, 10, 20, 50 years from now, but the trend is clear.
Bitcoin's distribution is perfectly fair. Those who got in early took on immense more risk than those onboarding today, hence they were more greatly rewarded. As nature intends. What's unnatural is assumed authorities with a malleable money supply that can avoid risk while still receiving the reward.