Without Bitcoin, it is equivalent to taxing those who own Bitcoin!

If Bitcoin succeeds, holders will undoubtedly be the biggest beneficiaries; the more they hold, the greater the benefits.

The total number of Bitcoins is capped at 21 million, which is not enough for each person in Shanghai to have one. If it becomes a globally accepted currency, the purchasing power of one coin would surpass our ordinary imagination of wealth.

However, I do not believe that holders are the only beneficiaries. They bear the greatest risks; after all, whether sufficient consensus can be formed and whether a very powerful technology will break Bitcoin are all unknowns. More importantly, a nearly perfect form of currency must benefit everyone.

It’s just a different medium of exchange, and the way of playing remains the same as before. You cannot say that when shells or metals became currency, only those who dug shells or mined benefited.

Digging shells and mining both require labor and bear risks. Who can guarantee that a new metal will not replace their status? It has been proven that currencies around the world have undergone countless iterations, with harder currencies replacing softer ones, and good money driving out bad.

In the absence of robbery, wealth distribution is only related to ability and luck; being the first to possess hard currency is also a manifestation of vision, ability, and luck.

Then there are other talents, which are even more critical. There are two ways to obtain currency: one is to mine, and the other is to earn. If you don’t mine first, you have to earn it, using other talents you possess to earn it, just like we earn fiat currency now.

Any currency can only be called wealth when it is circulating; it will eventually flow to those who can provide value. If you don’t have any coins, then hone your skills to earn coins, providing value to others. This is also a way of redistributing wealth and is a more important way.

#BTC☀ #Crypto Circle