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1  Bitcoin / Bitcoin Discussion / Re: Under capitalism eventually 1% own 99% of BTC, 1% have 99% of power? on: April 08, 2023, 12:40:00 PM
Quote from: pooya87 on April 08, 2023, 05:07:19 AM
Quote from: slaym on April 07, 2023, 12:13:38 PM
BTC is a transfer of wealth to a different system.
This seems to be your mistake, you are making a wrong assumption!
Bitcoin is NOT a distribution of wealth system. Bitcoin is simply a decentralized payment system, how it will be used and how this currency is going to be distributed has nothing to do with the design and it was never the goal of bitcoin.
The goal was to create an alternative currency that can not be censored. And bitcoin does that well.

A video that says that switching to a BTC based economy would stop war.  https://www.bitchute.com/video/AWGB6rfMmYKt/  I haven't watched the video/I want to believe, but I'm skeptical.  There was a system previously backed to a finite asset - gold - + there wasn't an effect on war.. 
2  Bitcoin / Bitcoin Discussion / Re: 1% own 99% of BTC, 1% have 99% of power? on: April 07, 2023, 01:22:28 PM
Sorry - assumed a few wallets held most BTC, I see now I was wrong.  However, doesn't the point still stand?  Under capitalism wealth centralizes, won't the same happen with BTC?

Thanks
3  Bitcoin / Bitcoin Discussion / Under capitalism eventually 1% own 99% of BTC, 1% have 99% of power? on: April 07, 2023, 12:13:38 PM
I think I understand that the BTC blockchain can't be corrupted, because it would be too difficult to do.  But can't the 99% be exploited the 1% that own 99% of BTC?  BTC is a transfer of wealth to a different system.  Won't the 1% be able to exploit the 99%?  Capitalism centralizes wealth

Tks!  
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Beginner question about transaction fee on: January 16, 2023, 09:04:10 PM
Is a 30 USD fee to swap stETH to ETH for real?!?!?  It's what metamask is telling me when I try making a swap.  How does a swap cost 30USD!!!!!! Angry Angry Angry
5  Bitcoin / Bitcoin Discussion / Re: Not your key not your coins is real, not just quoted. (FTX Issue) on: November 14, 2022, 03:36:27 PM
I read an article today that said, '15M/19M BTC are held in self custodial wallets'.  https://cryptoslate.com/ftx-crash-pushes-bitcoin-to-self-custody-ethereum-switched-for-stablecoins/ .  I wonder if there's a way to fact check that?
6  Bitcoin / Bitcoin Discussion / Re: Is regulation really inevitable? on: October 20, 2022, 08:34:55 PM
main exchanges getting forced by governments to turn over bitcoin is my worry.
coinbase, kraken, gate.io are us based companies.  couldn't the us government eo6102 them?  what would the effect be on bitcoin? what about binance or someother big exchange. 
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