Bitcoin Is Plagued by an Insidious Flaw

Bitcoin has a crippling governance problem, but it’s not what you think it is. Technical solutions deftly manage consensus on the world’s most popular cryptocurrency network. But how will we deal with wealth inequality – and the power imbalance that inevitably accompanies it?

To put it bluntly: Wealth inequality will not magically disappear in the new Bitcoin economy. A National Bureau of Economic Research report reveals that wealth is more concentrated in the US today than at any point in the last 100 years.


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Author: Neo Anderson

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