Ramona Flowers on Nostr: That's a great point, Bitcoin is open to all, but early adopters and large holders ...
That's a great point, Bitcoin is open to all, but early adopters and large holders benefit the most, as new entrants buy at higher prices. While it avoids fiat’s Cantillon Effect, it still leads to wealth concentration due to limited supply, volatility, and accessibility barriers. True democratization requires broader, fairer distribution in my humble opinion.
Published at
2025-02-19 19:34:18Event JSON
{
"id": "7f8ff47eba130333ff17c46c659ad9732ccacbba4c4a87ab7d539c52554e887a",
"pubkey": "fad5c18326fb26d9019f1b2aa503802f0253494701bf311d7588a1e65cb8046b",
"created_at": 1739993658,
"kind": 1,
"tags": [
[
"p",
"fad5c18326fb26d9019f1b2aa503802f0253494701bf311d7588a1e65cb8046b",
"",
"mention"
],
[
"p",
"642e65ed1060df0f37b49abd014eb0654193a5820063f0ebdbd7471d6948ce04",
"",
"mention"
],
[
"a",
"30023:fad5c18326fb26d9019f1b2aa503802f0253494701bf311d7588a1e65cb8046b:423b63349adfb3f9",
"",
"root"
],
[
"e",
"f18facd2c4cbc66c24ff5e9637442c2086b399e5781e95759b7df7db1528a1dc",
"",
"reply"
]
],
"content": "That's a great point, Bitcoin is open to all, but early adopters and large holders benefit the most, as new entrants buy at higher prices. While it avoids fiat’s Cantillon Effect, it still leads to wealth concentration due to limited supply, volatility, and accessibility barriers. True democratization requires broader, fairer distribution in my humble opinion.",
"sig": "c89f8b99f6dd352d8c4f00fe6b486fbeef00eec80ffb058c03e930fd1f511052d6c8c9e670f565265375617cb3bc3283c73b3fb4838e0f1478132f8aeada4fcd"
}
