Pirate Party Founder: “Those Who Used to Be Poor, Nerdy, Geeky… Are Suddenly the New Millionaires”

Rick Falkvinge, the founder of the world’s first pirate party, discussed the revolutionary potential of bitcoin and cryptocurrency while speaking with RT on Monday. Mr. Falkvinge recently issued a satirical ‘manifesto’ for bitcoin cash in which he claimed the title “Chief Executive Officer of Bitcoin Cash” to emphasize the permissionless nature of the network.

Mr. Falkvinge Describes Bitcoin As “A Huge Wealth Transfer”

Rick Falkvinge was asked by RT to discuss the ramifications of cryptocurrency’s growing popularity, with the Russian state-owned media organization describing bitcoin as a “new gold rush” and the potential catalyst for a “radical financial revolution.”

Mr. Falkvinge states “bitcoin right now is a huge wealth transfer to those who understand its implications early on. The last wealth transfer of this magnitude was around 1850, and it was about those who’d found oil.” Mr. Falkvinge describes said “wealth transfer” as having broad implications for capitalism and technological innovation. He states “those who used to be poor, nerdy, geeky… are suddenly the new millionaires. And that… is going to have a profound effect on what the future of our society looks like. Because for the last 200 years or so, it were the people who found oil that decided where money went, what research was made. And when the geeks and nerds are sitting on that money and deciding what research gets made – it’s not going to be a better diesel engine. It’s going to be a better solar panel.” […]

Read Full: Pirate Party Founder: “Those Who Used to Be Poor, Nerdy, Geeky… Are Suddenly the New Millionaires”