Economist warns of dystopia if ‘Bitcoin aristocrats’ come true

Economist warns of dystopia if 'Bitcoin aristocrats' come true

Not everyone is enthusiastic about hyperbitcoinization.

According to a popular copy and paste meme, Bitcoin holders are on their way to becoming a neo-aristocracy as Bitcoin becomes the dominant global currency:

Alone $ BTC the incumbents will be authorized at the upper echelons of the company. Nocoiners will be avoided, socially and financially. At best forced to become servants of the new upper class. At worst, executed for crimes against the #Bitcoin Empire.

– The crypto dog (@TheCryptoDog) January 2, 2021

The meme is part of a larger vision for the future of Bitcoin, a semi-serious but above all ironic tale that can be lumped together under the “Bitcoin Citadels” umbrella: a vision of the future in which Bitcoin …

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Copyright @ cointelegraph.com

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