The progressive movement of the past decade has been centered around one core philosophy - the 1% should not have the amount of wealth it does v the 99%
But, an even more radical and transformative idea is this - the 1% should not be in control and have the power and influence it does against the 99%
This is where Bitcoin comes in. It’s anti-authoritarian, anti-oligarch technology. It’s the people’s money.
And yes inevitably in this new paradigm and system of decentralized, accessible, transparent, permissionless money in Bitcoin - I do believe the wealth inequality will reduce and the gap will not be as large as it is today.
But dealing with wealth only l, without dealing with the underlying system, is dealing with the symptoms but not the underlying cause.
Replies (3)
The progressive movement targeted wealth inequality, but #Bitcoin targets power inequality.
It doesn’t just redistribute money; it redistributes control.
Because the real issue was never just that the 1% had more wealth, it’s that they had the power to print, manipulate, and gatekeep it.
#Bitcoin removes that privilege. It’s not #charity. It’s #justice. Gm ☕
The Bitcoin consensus follows the majority of all economically active nodes. Hence it is as susceptible to control by capital and hence affected by the wealth inequality as everything else.
The insane wealth inequality we see today is one of the major risks to Bitcoin and probably has captured it already in the sense that if the community would implement improvements that go against the wishes of blackrock, sailor and some big exchanges, it had no chance of ever making it into the network.
What is an economically active node? A node is on or offline - or not?
They don’t earn money, they publish the chain. Please correct me as I’m trying to learn and understand.
And blackrock and saylor are not getting more powerful through more BTC.
