The POS privilege is the main reason that push Satoshi to act. Saylor want to prove a point in the fiat world using #bitcoin. Yes he can win and strategy become worth more than Microsoft (his main compitetor) but don't undermine the breakthrough invention of self custody and anti re-hypothecation.
Alexis Govinda's avatar Alexis Govinda
My question: is it morally wrong or even abusive to accumulate wealth through POS privilege?
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Alexis Govinda 6 months ago
I agree. I am not saying Saylor’s rhetoric is perfect. However, there will always be POS privileges even on a btc standard. The difference is that they will matter less and won’t be unduly acquired and protected. Attacking POS privileges is incredibly shortsighted.
Owning Bitcoin is not a privilege in the sense of a special right given by an authority. It’s an open-access right available to anyone who can hold their own keys. If someone can’t participate its a choice, not because Bitcoin “privileges” some over others.
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Alexis Govinda 6 months ago
I still don’t get the point that wise rabbit tried to make. So using his fiat privileges given by an authority is abusive? But using privileges from bitcoin ownership is good?