Toby McMann on Nostr: Love it. #bitcoin is like a new property, introduced near the end of the game, which ...
Love it.
#bitcoin is like a new property, introduced near the end of the game, which everyone can buy and trade.
Initially, those owning no or cheap properties will buy it out of desperation, with hopes of keeping pace with the rising rents on expensive properties. It is a lifeboat.
Eventually, however, the rich players will want it for themselves as well ... like, if you have excess capital, and you've already won, why wouldn't you want it all -- particularly if it could shift the balance of power?
Follow the incentives. Power to the people.
#bitcoin is like a new property, introduced near the end of the game, which everyone can buy and trade.
Initially, those owning no or cheap properties will buy it out of desperation, with hopes of keeping pace with the rising rents on expensive properties. It is a lifeboat.
Eventually, however, the rich players will want it for themselves as well ... like, if you have excess capital, and you've already won, why wouldn't you want it all -- particularly if it could shift the balance of power?
Follow the incentives. Power to the people.