Damus
Trey Walsh  profile picture
Trey Walsh
@trey
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.
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Flexible Helps · 24w
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. #Bit...
Kaputalism Minimalist · 24w
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 a...