davidwetton on Nostr: This is a seminal Bitcoin article by Jeff Booth in my view If Bitcoin does become the ...
This is a seminal Bitcoin article by Jeff Booth in my view
If Bitcoin does become the foundation of a new monetary system, I have a question that I don't hear being discussed in Bitcoin circles:
Does the foundation of a new Bitcoin monetary system require the large Bitcoin bag holders to embody conscious leadership for it to fully succeed?
Will those holding large amounts of Bitcoin merely take over from existing wealthy fiat oligarchs, hoarding Bitcoin spoils for their own egoic Bitcoin wealthy pleasures and power trips?
I'm proposing that if the ascension of Bitcoin is not matched by an ascension in consciousness of those holding large amounts of Bitcoin, then we run the risk of moving to a sound money system whilst still having unsound egos in control.
Let me explain further:
Under the present fiat monetary system we have a number of extremely wealthy business moguls, oligarchs with foundations, wealthy family dynasties, etc who wield a tremendous amount of power and influence in society.
If Bitcoin takes over we will see evidence of a massive transfer of wealth, with those invested early with over 1,000 bitcoin, potentially becoming billionaires in old fiat $ terms very quickly.
There will have been a massive wealth transfer, but from a consciousness perspective we run the risk that one bunch of unsound egos has merely replaced another.
If this so? What may I have missed?
And why is no one talking about this Bitcoin wealth elephant sat in the middle of the current bull run room?
Would love to hear the views of anyone who wants to contribute.
https://bitcointimes.io/the-greatest-game/ 
Published at
2024-05-16 09:04:21Event JSON
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"content": "This is a seminal Bitcoin article by Jeff Booth in my view\n\nIf Bitcoin does become the foundation of a new monetary system, I have a question that I don't hear being discussed in Bitcoin circles:\n\nDoes the foundation of a new Bitcoin monetary system require the large Bitcoin bag holders to embody conscious leadership for it to fully succeed?\n\nWill those holding large amounts of Bitcoin merely take over from existing wealthy fiat oligarchs, hoarding Bitcoin spoils for their own egoic Bitcoin wealthy pleasures and power trips?\n\nI'm proposing that if the ascension of Bitcoin is not matched by an ascension in consciousness of those holding large amounts of Bitcoin, then we run the risk of moving to a sound money system whilst still having unsound egos in control.\n\nLet me explain further:\n\nUnder the present fiat monetary system we have a number of extremely wealthy business moguls, oligarchs with foundations, wealthy family dynasties, etc who wield a tremendous amount of power and influence in society.\n\nIf Bitcoin takes over we will see evidence of a massive transfer of wealth, with those invested early with over 1,000 bitcoin, potentially becoming billionaires in old fiat $ terms very quickly.\n\nThere will have been a massive wealth transfer, but from a consciousness perspective we run the risk that one bunch of unsound egos has merely replaced another.\n\nIf this so? What may I have missed? \n\nAnd why is no one talking about this Bitcoin wealth elephant sat in the middle of the current bull run room?\n\nWould love to hear the views of anyone who wants to contribute.\n\n\n\n\n\nhttps://bitcointimes.io/the-greatest-game/\n\n\nhttps://m.primal.net/IHJo.png \n\n",
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