The Essence of Wealth and the Redistribution GameWhether it’s Bitcoin, gold, or real estate in Beijing, Shanghai, Guangzhou, or Shenzhen, what’s their essence? They’re all part of the process of wealth redistribution. If I bought something for $1 and you buy it for $1 million, then your ten years of labor has effectively transferred to me through this medium of wealth. You might say, “I won’t buy it.” That’s fine. You might also refuse to buy property in major cities or anything else. But her...

The Essence of Wealth and the Redistribution GameWhether it’s Bitcoin, gold, or real estate in Beijing, Shanghai, Guangzhou, or Shenzhen, what’s their essence? They’re all part of the process of wealth redistribution. If I bought something for $1 and you buy it for $1 million, then your ten years of labor has effectively transferred to me through this medium of wealth. You might say, “I won’t buy it.” That’s fine. You might also refuse to buy property in major cities or anything else. But her...