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by foepys
3125 days ago
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> replaced with a better one. I'm curious how you define "better"? If you go by wealth equality, Bitcoin is worse than USD because Satoshi Nakamoto, the inventor of Bitcoin, owns more than 1/21 of all ever available Bitcoin. Several other early adopters claim to own a few hundred thousand Bitcoin. |
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If you are talking about income inequality, it cannot be fixed with money as it is just a tool. If our economic system is based on hoarding capital, then you end up hoarding it. If the best and safest way to hoard is Bitcoin, they you will use it.
However, you cannot go further than hoarding or using it. What the central banks do is much worse, they print it out of nothing and it ends up in the hands a few individuals, with impunity. So on scale of bad to worse, I would argue bitcoin is the lesser evil since at least it would allow for true free markets to exist.
Regarding Satoshi and the early adopters, why do you care ? When using fiat money, do you care about the fact the US dollar got an unfair advantage when it forced the Bretton Woods system on all of us ? As a matter of fact, the US dollar has been the strongest currency and international settlement one exactly because of that unfair advantage.
And if you do care, the problem is not within the money but the economic system. It's an other topic for a bigger problem ...
[1] Bitcoin is not there yet, still a lot of progress to be done on the fungibility side of it.