It'll change incentive structures and align incentives, which in turn influences motivation, effort, resource allocation, governance, risk-taking, time preference, etc. Unintended consequences are mitigated by the inability to change or influence the system, as a person with 0 bitcoin has the same influence over the protocol as someone with 1000 bitcoin. They can't vote, collude, or provide security through staking. That's different than fiat systems with variable monetary policy in competition amongst one another.
It'll change incentive structures and align incentives, which in turn influences motivation, effort, resource allocation, governance, risk-taking, time preference, etc. Unintended consequences are mitigated by the inability to change or influence the system, as a person with 0 bitcoin has the same influence over the protocol as someone with 1000 bitcoin. They can't vote, collude, or provide security through staking. That's different than fiat systems with variable monetary policy in competition amongst one another.