I guess if you think bitcoin is flawed because of its fixed supply then you could believe he’s not wrong. If you think the money supply must expand as the economy grows I don’t know why you would ...
The fixed supply solves one kind of unfairness, which is the world inflating away your money.
I take Green to be pointing out that the moat builds against that counts as its own type of unfairness and temporal Cantillon. I think he’s right about that.
One place where I would push back is the idea that the entrenchment is permanent. Over time the holdings are distributed to heirs and in the fullness of time, they make their way out into society more broadly. Also we see that OGs do sell their bitcoin when the price runs.
I take Green to be pointing out that the moat builds against that counts as its own type of unfairness and temporal Cantillon. I think he’s right about that.
One place where I would push back is the idea that the entrenchment is permanent. Over time the holdings are distributed to heirs and in the fullness of time, they make their way out into society more broadly. Also we see that OGs do sell their bitcoin when the price runs.
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