Everyone has bugbears about #Bitcoin and #Bitcoiners.
Mine is the lack of elite theory that Bitcoiners have studied and/or discuss. Seems to be too far out there for Ancap-types who acknowledge natur...
I wonder about how large a section of the current elite are already holders and will be able to rise to match the counter elite or consolidate their existing wealth.
Some holders with a sufficient stack will be propelled to elite status but I think many in that status currently will not struggle to stay there.
This does not conflict with your point at all and perhaps I overestimate how much bitcoin powerful people hold but it's something I think about. Hopefully there are enough counter elite to mount a fight and bitcoin sufficiently changes the incentive structures.
Some holders with a sufficient stack will be propelled to elite status but I think many in that status currently will not struggle to stay there.
This does not conflict with your point at all and perhaps I overestimate how much bitcoin powerful people hold but it's something I think about. Hopefully there are enough counter elite to mount a fight and bitcoin sufficiently changes the incentive structures.
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