Laeserin
· 4w
**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...
I think you’re mixing up two very different things: wealth earned in markets and power sustained through political privilege.
There’s no mechanism in a genuinely free market that lets a small group “buy the entire world” and just sit on it indefinitely. Wealth isn’t a static pile that grows by inertia. It has to be maintained by correctly anticipating what other people want. When that stops happening, wealth erodes. That’s not theory, that’s the history of fortunes rising and falling over time.
What you’re describing only really becomes possible in a system where the rules are distorted.
Large players don’t expand purely because they’re rich. They expand because they operate in an environment shaped by central banking, artificial credit expansion, bailouts, and regulation that raises the cost of entry for competitors. When risk is socialized and failure is cushioned, scale compounds in ways it simply wouldn’t in a system where losses are actually borne by those who take them.
On Bitcoin, it was never meant to solve inequality or prevent wealth concentration. Its purpose is much narrower, removing discretionary control over the money supply. That matters because a lot of the concentration you’re worried about is fueled by monetary expansion that benefits those closest to newly created credit.
Take that away and a few things change. Easy leverage dries up. Bubble cycles become less extreme. Bad bets don’t get quietly transferred onto everyone else.
The idea of stopping people from buying assets sounds appealing, but it implies enforcement, someone deciding who can own what and how much. That doesn’t eliminate power, it relocates it. And historically, that kind of authority tends to end up reinforcing the very concentrations it set out to limit.
If the goal is broader ownership, the more consistent approach is removing barriers rather than imposing ceilings. Strip out privileges. End bailouts. Lower entry costs. Stop distorting money and credit.
In that kind of environment, wealth can still concentrate, but it can’t stay concentrated without continued performance. And that ultimately depends on serving other people, not controlling them.