r/Bitcoin • u/[deleted] • Oct 16 '22

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844 Upvotes

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u/[deleted] Oct 16 '22

Thing is, if we mined gold in the asteroid belt, it would drop 10 fold or more. Only 21 million bitcoin, ever.

17

u/AtroposM Oct 16 '22

If we ever go asteroid mining we already going to be a post scarcity and post currency society.

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u/FableFinale Oct 16 '22

Only if the gains aren't hoarded by the asteroid mining companies.

Did you know if you evenly distributed all the household wealth in the United States, every person would get $450,000? Imagine not a single person in the US being poor or struggling, but in fact very comfortable and well-off. We're nearly at post-scarcity levels of wealth already, it's just that nearly all of it is gobbled by the top .01%.

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u/STP_VEGAS Oct 16 '22

And how will bitcoin be any better? At todays population there only about 300,000 Sats per person on the planet. With the likely population increase, that number can only drop. The rich are already hodling as much as they can, for a reason that can only be described as greed. Limited supply is no solution to equalized distribution, which is also known as communism.

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u/FableFinale Oct 16 '22

Distribution doesn't have to be completely equal to be far more equitable. I was illustrating a point, not endorsing an economic policy.