Galley on Nostr: I think this is a good point, but the 3% you're describing is spent into the economy, ...
I think this is a good point, but the 3% you're describing is spent into the economy, not "generated" as a return. This group might have 70% of the Bitcoin and it might track world productivity to the tune of 2-3% per year so they don't need to work, but they will still have much less Bitcoin over time, they just won't be losing purchasing power.
I agree that the idea of unbreakable dynasties is a worry, but since it's absolutely scarce any spending is gone and irreplacable, even if the remaining sum is equivalent in purchasing power. So I wonder if this isn't actually an issue?
Published at
2023-08-04 11:13:09Event JSON
{
"id": "949fd889b371eca2902c3f1572cfe0fc9d1ddcb8f928e371756d30f096f67f33",
"pubkey": "7525c1118c4a6cf32a8e7a46d6d1d82c61dbe71d2b246b33685f93b517488ad5",
"created_at": 1691147589,
"kind": 1,
"tags": [
[
"e",
"685d2528ff051a7478aed78f2186cf3867456210d19fd2876113a2deb40ccdc6",
"",
"root"
],
[
"e",
"68e9924fbbf34b33196d7835b6e47d434e0c5ecfa2d19ee6a4b8f092975bd2bd",
"",
"reply"
],
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
],
[
"p",
"d986b8a48cef4950fc62f7dc2e0d277ca505757b5aa73f0959b20659e71f7cac"
]
],
"content": "I think this is a good point, but the 3% you're describing is spent into the economy, not \"generated\" as a return. This group might have 70% of the Bitcoin and it might track world productivity to the tune of 2-3% per year so they don't need to work, but they will still have much less Bitcoin over time, they just won't be losing purchasing power. \n\nI agree that the idea of unbreakable dynasties is a worry, but since it's absolutely scarce any spending is gone and irreplacable, even if the remaining sum is equivalent in purchasing power. So I wonder if this isn't actually an issue?",
"sig": "84dfbf6d3ec7f12a0ef4b5211e548004c8d50da1bdf7e5ede1f1b38a8b02730aadcd2bafafa5e7aa61e2dcadf460ede91aa2e7a2d7dd172f389c073a9b6548a7"
}