Re:Cryptocurrency Is Bunk
by More-nitors on Sunday October 17, 2021 @11:46PM
(#28902050)
sorry but I don't follow...
how does bitcoin solve "making the rich richer", when it is in fact "making the rich super-richer" with its soaring price?
(along with its "throw off the poor one-shot chancers with extreme price instability)
In fact, bitcoin's anti-inflationary means there's no chance of wealth-redistribution, whereas for dollars, the US government can just redirect its cash-beam.
how does bitcoin solve "making the rich richer", when it is in fact "making the rich super-richer" with its soaring price?
(along with its "throw off the poor one-shot chancers with extreme price instability)
In fact, bitcoin's anti-inflationary means there's no chance of wealth-redistribution, whereas for dollars, the US government can just redirect its cash-beam.