Bitcoin distribution trend makes it suitable to become a world’s currency

Consider the inherent characters of fiat and Bitcoin: - Fiat starts distributed, then over time, concentrates around the entities that are close to the source of printing and lending. Fiat world already concentrates more than half of all value on 1% of people. These 1% of people will never want the system to change and currently have the political, military power and media power to keep this system going. - Bitcoin starts concentrated, but distributes over time, the distribution at this exact moment is not “ideal” in many people’s view. However, on its way to become ever more distributed, it offers billions of “fucked” people in the fiat world a choice to “opt-in” to a safe financial place where their wealth is much better protected.

I look forward to seeing Bitcoin concentration lowering after every 4 years, make no mistake, this won’t be overnight, just as the world that maxis envision: gradually, then suddenly.



Submitted October 26, 2022 at 11:38AM by JunoKat https://ift.tt/8Ct0LMb

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