Humans have a 'fairness indicator' built into our brains. 'Bitcoin maximalists' completely ignore this when pimping their currency: they want world to drop local $ and adopt theirs, greatly enriching early adopters. This is huge hole in their plan. Behavioral economics are real.
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They will spout endless thought pieces and drop newly made up jargon to tout why this is okay but it's inescapable that buying in to Bitcoin means you are giving money and power to a group who has been endlessly promoting this stuff for years. Their endgame is power.
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I guess question is: would anointing these people as our new overlords be better than the world is today? They would say so. I have no idea. But I think the Achilles heel in their experiment does go back to our fairness indicators. Money probably shouldn't enrich early adopters.
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We choose our mass delusions and the world chose credit based economics. Bitcoin maxxies want theirs to replace it. Just a different crowd getting rich.
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