**Bitcoin doesn't fix this** because buying Bitcoin merely pumps the bags of the tiny number of super-rich people who already own almost all of the Bitcoin and also already own almost all of the asset...
Bitcoin limits State action, which in turn limits the ability for people to own vast amounts of material wealth that isn't actually generating some kind of economic and/or social good.
This is the "billionaire bunker" fallacy -- billionaires might think that they can retreat to their New Zealand compounds when "the ahit hits the fan", but... What about their doctors? Their chefs? Their helicopter pilots? What about those people's families, and their kids, and their kids' schools, etc?
Eventually our "billionaire bunker" has to basically become a functional society again... Or hey, said billionaire could *instead* just work on preventing whatever collapse required the bunker to begin with.
Yes, once we get to a Bitcoin standard, there will be bad people with lots of Bitcoin. But without States I'm far less worried about those bad people having a negative impact on me.
This is the "billionaire bunker" fallacy -- billionaires might think that they can retreat to their New Zealand compounds when "the ahit hits the fan", but... What about their doctors? Their chefs? Their helicopter pilots? What about those people's families, and their kids, and their kids' schools, etc?
Eventually our "billionaire bunker" has to basically become a functional society again... Or hey, said billionaire could *instead* just work on preventing whatever collapse required the bunker to begin with.
Yes, once we get to a Bitcoin standard, there will be bad people with lots of Bitcoin. But without States I'm far less worried about those bad people having a negative impact on me.
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