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122 sats \ 0 replies \ @monk_cactus 17 Feb 2023 \ on: Why the super rich are inevitable bitcoin
I'm having trouble seeing how "the yard sale model" has any relationship to reality.
Everyone knows that well managed capital will accumulate, and that's good news for anyone who isn't living pay check-to-pay check. Perhaps the model is helpful to illustrate the mechanics of this, but aside from that I'm not seeing a use for it.