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0 sats \ 1 reply \ @fireflynine 30 Aug 2022 \ parent \ on: Lyn Alden AMA bitcoin
Thank you for the reply.
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I understand that if you believe it's an impossibility for fusion power to achieve limitless energy at a cost that is essentially free, but "if" energy was magically free - would miners have a progressively diminishing incentive to operate?
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If a very small number of people effectively own all the bitcoin, wouldn't derivative markets emerge where the vast majority of people would essentially own "stock" representative of bitcoin that few hold but not directly own bitcoin itself?
How and why would the derivative example in 2) depend on how many people own all the bitcoin?
You can have derivatives today?
BTC is self-custody friendly, so you could just own this share of BTC directly from those few hands. I don't see the need for "paper bitcoin" in this example
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