d5000
Legendary

Activity: 4662
Merit: 10749
Decentralization Maximalist
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June 08, 2026, 10:23:35 PM |
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Bitcoin is anti-elitist. This is historically a left-leaning position, even if also some "right wingers" claim it, but if "left-leaning" means "directed to more equality", it fits well. Everybody can own it. You don't need permission by the elites to use it.
Then there is possibly (as a long term effect, once it becomes mass adopted) poverty reduction due to the elimination of the Cantillon effect, also called "inflation tax". Inflation due to money emission benefits the elites, because fiat money is created mainly in the banking and big enterprise sector (when they take big loans from banks), and these sectors tend to enrich themselves (see the bonuses of high management in banks but also other companies). The poor are those who suffer inflation the most, and thus in a non-inflationary world, there would be less inequality.
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