What is Nostr?
robinseyr / Robin Seyr
npub1d9u…yh73
2023-04-23 13:28:06

robinseyr on Nostr: Why should #Bitcoin lead to a fairer financial system when the top 100 holders alone ...

Why should #Bitcoin  lead to a fairer financial system when the top 100 holders alone possess 13.78%?

In the current fiat system, the top 1% holds approximately 45% of global wealth, which isn't ideal either.

However, a #BTC  Standard will change the financial world, and here's why:

Proof of Work over Proof of Stake/Ownership

⇒ In the fiat world, once you achieve a certain financial status, it's challenging to lose it, as having substantial wealth can generate even more money.

⇒ In a #Bitcoin  ecosystem, the dynamics are radically different. Everyone must put in genuine effort to accumulate more capital.

⇒ Consequently, wealthy individuals will eventually spend their money, redistributing it to hardworking people.

So yes, #BTC 's wealth concentration may be high now, but that's because we're in the early stages! This disparity will naturally improve over time.
Author Public Key
npub1d9ul75ee7ja8j2n93p0whs67dc8g625fhljk2k60329lnrnmkjvsfpyh73