Gentrification And Bitcoin Blockspace: Economic Parallels With Real Estate

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2023-09-19 17:23:10  • 17 mins

In September 1943, a character whose name nowadays covers the newscasts of half the world was put in charge of what would become a bastion against the offensive tactics from the rest of the European countries. The Second World War counted tens of millions of dead at that time in Europe and other war scenarios around the world, little was known about the Holocaust but it was probably at its peak, after the victory at Stalingrad communism in Russia threatened to respond to Hitler and expand its doctrine throughout Eastern Europe. At that time, in Madrid, the capital of Spain, a little known person, perched on a pulpit, pronounced the following words: "Gentlemen, we need a bigger soccer field and we are going to get it". It was Santiago Bernabu, who as soon as he was elected president of Real Madrid soccer club, harangued the troops with that phrase that sealed the way for his name to go from referring to a person to identifying a place of worship.

By the middle of the 20th century, soccer stadiums were already a common feature of the skyline of many cities. The period between 1890 and 1910 marked the construction of those first stadiums, 50 of them were created in England in those years, all very close to the center, mainly because there was no means of transport that would allow a large number of fans to travel to the outskirts easily for matches. And by "large number of fans" I mean a huge crowd, there is evidence of a match at Crystal Palace Stadium in 1913 which was attended by 120,000 people, almost 40,000 more people than enter a major stadium today. Thus, there was a demand to watch soccer and this was something that Santiago Bernabu did not fail to notice when he became president of the club. His plan to create a large stadium was not out of mere megalomania, but for business reasons: a larger stadium would accommodate more people, sell more tickets and with that money he could sign better players, the better players would bring success in the form of cups and trophies, which would attract more people to the stadium, thus increasing the money raised. He sought, as we can see, to create a virtuous circle.

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