0 sats \ 0 replies \ @Majjin 20 Apr 2022 \ parent \ on: Adversarial discussion bitcoin
I've heard a couple good arguments concerning this that we could use to counter the wealth gap narrative.
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Money/wealth gets you power. That's true for any system, no matter what you do. The difference with a Bitcoin standard is that power doesn't get you more money. In a fiat system, the feedback loop of power and money is what causes the wealth gap to increase so much.
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There are no bailouts in Bitcoin. The reason why the rich stay rich and get richer is because they have the cushion of monetary inflation in case they fall. With Bitcoin everyone is grounded. If you fall, you will skin your knees. Doesn't matter how rich you are. They will have to get up and try again like the rest of us. Because the ground is solid though, it gives us all a chance to rise.