Gar bear on Nostr: I see why there used to be a Twitter profile "Darth Powell" that I liked to watch ...
I see why there used to be a Twitter profile "Darth Powell" that I liked to watch about real estate who always struggled with grasping Bitcoin because he said it was too centralized and the success of it would disproportionately make a few people very wealthy .
I don't hold that view, I think it tends towards spreading out, due to the lovely proof of work needed for both mining and buying the bitcoin.
But initially it does seem to be rumply for a few people (1 million actually) In the beginning.
If the world keeps chugging along, those 1milion will get an outsized say in how things operate, which given my understanding of bitcoiners' motivations and ideologies, it should be a very good world
I don't hold that view, I think it tends towards spreading out, due to the lovely proof of work needed for both mining and buying the bitcoin.
But initially it does seem to be rumply for a few people (1 million actually) In the beginning.
If the world keeps chugging along, those 1milion will get an outsized say in how things operate, which given my understanding of bitcoiners' motivations and ideologies, it should be a very good world