64 sats \ 6 replies \ @IamSINGLE 26 Jun \ on: The Concerns of Someone Newer to Bitcoin bitcoin
I'm learning about Bitcoin philosophy so I chose to answer this...
It all depends. Nobody knows about future. But so far it seems it's all good with Bitcoin. Oligarchy can't rule the world in a Bitcoin standard, IMO. Bitcoin is decentralized and I know nobody can make it centralised.
That’s probably the most important of the questions.
My thinking is that the ruling class uses fiat because it benefits them. Therefore, sound money should reduce their power.
reply
Yes, what I've learnt so far, it seems that reducing the power of ruling class has to be one of the outcomes that we achieve in Bitcoin standard. What I don't see or pains me that we don't talk a lot about what process we must go through to achieve this outcome. Am I right?
reply
I don't think it has to be a planned approach. I view it as more of a natural process, like erosion.
Building up our systems will consequently undermine theirs.
reply
Natural process! Right, it has to be that way. As, you say 'building up our systems', what type of systems you are referring to? I can guess but please tell for the sake of generating conclusion.
reply
I mean everything that enhances our ability to interact without using the things they control. The list is endless: LN, nostr, local meetups, merchant adoption, accounting systems...
reply
Thank you so much! Bd it endless, I'll prepare.
reply