Extremely well written and reasoned.
Early bitcoiners don't siphon wealth from late adopters, if late adopters buy bitcoin from them.
It's the opposite. They who purchase bitcoins get something that will increase in value, by exchanging it for something that will decrease.
As such those who buy bitcoins from early bitcoiners with fiat money can be seens as the one's who fool bitcoiners into parting with something there is a limited edition of, for something that in the long run there is a unknown unlimted amount of.
People don't have to buy bitcoin. They can earn it.
They can offer goods and services in exchange.
If they think it's unfair. Nothing stops them from creating their own coin, which they can distribute however they like. That's what Satoshi made possible.
Bitcoin is like a global inclusive dance, in which those who participate helps protect the value of each others savings and earnings.
My personal thinking is that UBI would be the most fair money. Each person just getting a fixed amount, simply for existing. But it will flow to those that work.
Bitcoin being a possible hedge against possible UBI inflation.
And also a guard against tyranny. If people fear that their money can be frozen if they have the wrong opinions.
They simply will never speak out until they risk dying however they do.
Democracy isn't possible. The existence of Bitcoin or something like it, as such protects democracy.
Democracy came about in a world based on money that couldn't be frozen.
If the freezing of money were possible. The US might never had been able to fight and win the war for independence.
If some kind of elite can freeze the money of people. They are f*cked.
The guy asks about the weil of ignorance. While being himself very ignorant.
Tell that veil of ignorance experiment to people growing up in in a country in which they are forced to work for fiat money with 100% inflation or more.
Making it impossible for them to build wealth and independence. And as impossible for them to gain power and unseat the dictator.
For example all the people that became poor or stayed poor because they grew up in Zimbabwe.
Where their fiat money collapsed. Printed into destruction by their dictator.
Something that can't happen on a Bitcoin standard.