pull down to refresh
526 sats \ 2 replies \ @birdeye21 7 Nov 2023 \ on: Some thoughts on the game theory that results from btc wealth bitcoin
Yep I think this is the main thing. Ideally, if Bitcoin is to hyperbitcoinize, the incentives to commit crime like this will lower dramatically. Of course people will still try to rob people's bitcoin in the future, but peace will be much more widespread than it is today.
Ultimately i have no clue what/if tech itself will inherently disincentivize this behavior across the board, but a wealthier world all around will have less crime.
However much bitcoin you hold today I think carries much more weight in the next 20-30 years in a fiat-driven world than I think it does after 100+ years. At that point, the wealth creation will have exploded throughout all countries. People wont need to rob each other as much
So to recap your logic:
- a btc standard will result in broader wealth creation
- if people are more broadly wealthy, and perhaps more hopeful about the prospects of getting ahead in the world, there will be less crime
- therefore issues I've described will become less relevant over time
That makes sense. However, there's still the issue of the period of time before those new conditions take hold -- as you put it, in the next 20-30 years. How things unfold in that time period is my main area of interest.
reply
Yep. i think as long as we're still psychologically driven by fiat not much will change in that arena. Not sure how we're gonna approach it...but that's why it's so critical to be extra cautionary with your bitcoin's safety today
reply