Demographic consequences of worldwide Bitcoin adoption.

[Timo Y]

If Bitcoin ever becomes a major currency, it will effect a considerable redistribution of wealth in society.

We all have a pretty good idea of typical demographic of the earliest adopters:

Young, anti-establishment, libertarian, technophilic, rationalist, atheist/agnostic, globalist, entrepreneurial, open-minded, forward looking, optimistic, creative, conceptual thinkers.


But who will be the last people to adopt Bitcoin?  You know, the day that Bitcoin is taken for granted by everybody and even the last skeptics finally shut up about it and just get on with using it. My guess is,  they will be the exact opposite of the early adopters:

Old, authoritarian, pro-establishment, conservative, traditionalist, nationalist, irrational, religious, bureaucratic, technophobic, pessimistic, closed-minded, concrete thinkers.


The demographic of Bitcoin newcomers will gradually shift from one extreme to the other, as we can already observe with newbies on this forum.

If there is one thing that will do the world a favour, it's a redistribution of wealth from the latter demographic to the former.

That's why I don't resent the enrichment of early adopters.


PS. One thing I'm not so happy about though is the wealth transfer from female to male. (Female geeks where ARE you??)

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[eturnerx]

The last to adopt Bitcoins will be governments. They will not want to relinquish the control they exert on economic activity via controlling the supply of money.

[cindylove]

You are right on with you description on the typical early adopter. Point for point that's me exactly. I agree with you analysis. Makes perfect sense. About time we got a leg up over the man. I hope the most staunchest of statists and their bankster whores are the last to get in on the ride.

[drysider]

And very often, "we all" are wrong.

An old, rational, technophilic, libertarian, anti-establishment, religious, nationalistic, closed minded (at least my kids think so), pessimistic, conceptual thinker.

[FreeMoney]

And very often, "we all" are wrong.

An old, rational, technophilic, libertarian, anti-establishment, religious, nationalistic, closed minded (at least my kids think so), pessimistic, conceptual thinker.

Hey old man, he said typical. Bring a couple hundred of your rational, religious, nationalists along if you can and then he'll be wrong.

[amincd]

The first thing I'll do once I come in a position of power is pass a law prohibiting all competing forms of currency, thus becoming the monster I had opposed all along!

[Jaime Frontero]

The first thing I'll do once I come in a position of power is pass a law prohibiting all competing forms of currency, thus becoming the monster I had opposed all along!

that is the unvarnished nature of law, isn't it?

near as i can tell, most all laws having to do with money (the majority of them) are about successful people pulling the ladder up behind them - however they've succeeded is what they seek to prohibit to others.

fear.  law is fear.

[amincd]

Yes, I agree. That's what the majority of laws are about: protecting a special interest by reducing every one else's opportunities.