They say wealth has diminishing returns, i.e. past a certain point it doesn't make your life much better. So if bitcoin helps you build wealth, it can make you less greedy over time, because your needs are met and you're not as vehement about accumulating more. Instead, you may value other things more, like friendship, family etc.

While I agree with most of the comments, I think there's another way to interpret the question that might be more interesting. Sure greed and avarice aren't going to disappear on a Bitcoin standard, but that isn't quite the same as saying the problems caused by them won't be fixed by Bitcoin.

The beautiful thing about markets is that they incentivize producing things that are valued by others. Even the greediest son of bitch has to provide value to other people in a market economy.

So, my reframing of this question is "Does Bitcoin incentivize the greedy and avaricious to provide value to others?"

On the surface the answer seems to be no. Bitcoin is a money, not an incentive structure (although it affects incentives). However, when we consider that Bitcoin undermines the fiat system and that the fiat system creates many of the perverse incentives that need to be fixed, I think we can say that Bitcoin at least will improve the problem of greed/avarice.

Human nature will not change because of money.

Having said that, people who are in extreme poverty have more incentives for conflict, violence and basically fucking over their peers over any small piece of wealth. If we make a society where everyone is better off, we should see less of that.

But greed will never disappear.

nope. bitcoin is better money, but its still money. human nature is to want more stuff. money is how you buy stuff.

Nope. This is human nature.

Greed isn't a "problem". Greed is good.

I think it uses our greed in a good way, it turns it into a monetary network that benefit everyone instead of a small group

Greed comes from ego, not from money you use. Money is just an instrument for trades.

No. Human nature will never change but bitcoin does naturally incentivize long term thinking. It changes the cost of using violence to steal/coerce in such a way that incentivizes honest and peaceful exchange.

With some tools like time locks, multisig, and smart contracts, I think we can further protect ourselves from greed and the violation of our right to private property.

No it increases greed, case in point - look at what Michael Saylor is doing buying Bitcoin

You probably think greed is a problem because traditionally, most systems become corrupted by greedy people.

Anything that can be corrupted will be. Simply because people are greedy and will corrupt something if it gives them an advantage.

Bitcoin works because people are greedy. It rewards selfish actors (like miners), and punishes selfless ones (like zero fee routing nodes). The difference is that Bitcoin is resistant to corruption, so it makes greed a positive trait rather than one that threatens the sanctity of the system.

Recognize that your own desire to "be less greedy" is actually a selfish desire. Maybe you want to feel more esteemed about yourself or you desire to be viewed as charitable by others. Both the desire to be greedy and the desire to eliminate your greed is rooted in ego.

Ego aside, you will see that without any greed, the individual would starve having given everything to beggars. In all things, moderation.

As long as we look outside for answers, solutions and stagnant truths we will always be disappointed. Bitcoin takes work which is a dynamic routine of cultivation. Greed can be observed inside and outside. Ego is just a tool to let you know which face to put the sandwich in.

If we see harm then we can stop our own harmful behavior but we can not stop someone else's except in defense. There's a certain point where my behavior can become better and that reflects on the world a positive way. As above so below and vise versa.

Sometimes I think someone is greedy for hoarding but that person also has resources available when people who lack the skills or desire to plan need them. It's all about what I think of me and how I judge that I want to be like you. Or how I judge not to be like you.

Governments are created to convince people that other people can control people. By mind control they can but it's limited and it's used to bring out the worst of people so that government can continue.

I like the basic idea of Bitcoin. When we fuck this up we'll move on to something else. In the mean time the closer we get to unwritten law the better our outcomes will be.

I dont think bitcoin changes greed. Just internet native money where people that add value cant be robbed by people that dont add value.

No, in short it enhances it for self-centered and short-sighted individuals

Obviously so. The "problem" of greed is the problem of mimetic conflict when the same real world good is desired, and its hoarding leading to scarcity of that which must be consumed. The "hoarding" of bitcoin increases abundance in the world and attempts to build scarcity in the physical world are an extremely risky short position. Anytime you exit bitcoin, if you do not increase the net value in the world faster than the world is growing, you will end up with less bitcoin.

Anyone who says ,hUmAn NaTURe dOesn'T cHaNGe in response to this question has achieved peak midwittery since there are very obviously complex dynamics that emerge from the greed function in ways that are highly divergent depending on the soundness of money.

🤡🤡🤡🤡🤡

Please read this or listen to Walker read it https://www.profstonge.com/p/the-economics-of-liberty

Exactly

The pessimist in me wants to say no, that humans are naturally greedy this way... but I think Bitcoin might have a chance.

Where does greed come from? Every dollar printed devalues all previous work performed to earn that dollar. A 38k salary in 1984 buys what a 120k salary buys today. There is a cost to living and it is rising. There is this pressure to earn more now, and spend it now, because it won't be worth as much tomorrow. Greed comes from rotting currency.