In a layered money system, what prevents banks and governments from eventually holding all the #bitcoin while plebes live off scraps on #L3? Wealth and power has a tendancy to concentrate over time.

Plan K's response to @Matthew Kratter in regard to #kaspa

#BitVM bridges are inherently economically unstable: https://medium.com/@twhittle/bitvm-bridges-considered-unsafe-9e1ce75c8176

convince me that the incentives behind layer 2 don't lead to paper bitcoin and the same fractional reserve banking we wish to escape in fiat world. #bitcoin #layer2 #l2 #fiat

Effective governance: "The State in the Third Millennium" by Hans-Adam II

Van Eck Verlag