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by cracker_jacks 1665 days ago
This is the thing I do not fully understand about crypto and more specifically Bitcoin. If Bitcoin is successful, it will inevitably create a tiny group of super-wealthy early adopters amongst everyone else and we are back to the same rigged system evangelists were arguing crypto solves. Even worse, there is no method of confiscation/redistribution/taxation to prevent monopolies.
2 comments

What about that do you not get? That's exactly what the people pushing it are hoping for.
Do you have any btc, or still waiting in case it doesn't catch on?
Can you explain how permanent monopolies won't become a problem?
How would they become a problem? No matter how much bitcoin one entity holds, it in no way limits the ability of others to exchange bitcoin.
Because the ability to accumulate wealth becomes easier as you have more of it.