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Author Topic: Speculation will kill Bitcoin. Distribution of ownership will save us all.  (Read 2320 times)
funtotry
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December 28, 2014, 07:13:35 PM
 #21

In reality, there is no such thing as perfect distribution model. Same goes in the fiat world. There are bound to be rich and poor people. I know you must be expressing your concern on those who got in early but early bitcoin adopters get the most share and the justification is similar like being the first to invest in IPO. People like you are me who got in later might not accumulate that much but at least we still consider ourselves lucky to get in early and we are able to purchase btc at current price (if you imagine that it might worth 10 times or more in the future).
Exactly. Anytime you attempt to artificially distribute wealth you will only get people who will end up gaming the system and will end up with something that is unfair to most.

The current PoW distribution system is the best, as eventually the difficulty will be directly linked to the cost of electricity and the price of bitcoin, so it will cost roughly the same to mine one bitcoin as the market value of such bitcoin

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December 28, 2014, 10:33:03 PM
 #22

speculation = death?

I think not. Please go back to the drawing board and learn how markets work.

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December 30, 2014, 08:21:16 AM
 #23

BTC is well world wide spread as crypto cyrrency, wealth is something completely different. With single BTC mining you can not get wealth  Grin
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January 15, 2015, 11:16:04 PM
 #24

Please watch as Speculation prolong this fake price of 1BTC
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