Bitcoin: A More Fair Distribution?

𝗚𝗲𝘁 𝗧𝗵𝗲 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗚𝘂𝗶𝗱𝗲 𝗧𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗖𝗼𝘂𝗿𝘀𝗲:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss Bitcoin's distribution, and whether it could have been made more fair by allocating an equal share to every single human being in the world.

What we see from Russia's voucher privatization program of 1992-1994, as well as El Salvador's Bitcoin distribution, is that people do not value things that they don't understand or that they get for free.

To properly hodl Bitcoin for the long term, you have to understand it at a deep level. Only then will you be able to psychologically weather the volatility.

Today you can get almost 6,000 sats for $1.00 and still no one cares.

Everyone gets their Bitcoin at the price that they deserve.

Fortunately, because Bitcoin is proof of work, having more coins does not give you additional control over the protocol.

The morale of this story is that you can give people free things like Bitcoin, but most people will not value it.

Instead, they will sell their Bitcoin to people who do value it, in which case you end up in a very similar situation to how Bitcoin's distribution actually worked.

Not investment advice! Consult a financial advisor.

Altcoin pre-mines:
https://miro.medium.com/max/1200/1*TayypeN1nRVdmikXjuy4hA.png

Vitalik dumps his coins on retail:
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/

Russian voucher privatization:
https://en.wikipedia.org/wiki/Privatization_in_Russia#Voucher_privatization_(1992%E2%80%931994)

Salvadorans dump their Bitcoin:
https://restofworld.org/2022/el-salvador-chivo-bitcoin-wallet/

Dave Ramsey Weighs In On The FTX Collapse:
https://www.youtube.com/watch?v=q8SCoulVEjo&t=0s&ab_channel=TheRamseyShow-Highlights

Sats are so cheap right now:
https://bitcoin.clarkmoody.com/dashboard/

What it's actually like to hodl:
https://i.redd.it/zz2mbbejm9j61.jpg

Common critique of Bitcoin wealth concentration:
https://twitter.com/the_scientist_y/status/1556714508982296577
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#crypto
#satoshi

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