What are these people smoking?
How high do they think the price of BTC will go? $10 million per BTC in this years dollars? In that case, it would use as much electrical power, roughly speaking, as the entire world or 200 times as much as Argentina if the power generating capacity remained at today's level. All of the electrical power generated in the world would be used to secure the Bitcoin network. This is ridiculous. Utterly unsustainable.
The a good portion of the ultra wealthy of today's world have at least created something of extraordinary value. Not everyone, of course. Very far from it. But many massive fortunes have been created in the tech sector by creating massive value. It is clear that if the maximalist fantasy comes to pass, Bitcoin HODLers will have created no value whatsoever. In fact, they will have created yet another yet completely pointless hierarchy. If the maxis are arrogant now, just imagine what they'd be like if their fantasy came true. The funny thing is that Bitcoin is just a ledger. People are free to adopt whichever ledgers they see fit for any accounting purpose. They will not use Bitcoin to keep tabs of who owes whom how much for services rendered if it means effectively paying a tax to some parasite telling them to have fun staying poor. For that you need to force people. To force anyone, you need force. But Bitcoin was all about voluntarism.
The point of this is that deflationary tokenomics are a dead end. If you want your ledger to be used by people who create value, you need to put tokens into their hands. You need healthy tokenomics. What you don't need is essentially a multi-level marketing scheme where early adopters get all the rewards.
