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Question: On 3/29/11, I did a poll, and asked: "The fact that 25% of BTC are already in circulation, but far less than 0.1% of Bitcoin's ideal mature community is here..." So, now what do you think?
Made for interesting trivia, but ultimately is not a concern - 3 (37.5%)
May have turned off newcomers, but nothing was broken nor needed fixing - 0 (0%)
May have made BTC less fair than intended (enriching earlier participants at expense of later), but good thing nothing was done - 1 (12.5%)
May have made BTC less fair than intended, but anything that could have been done would have done more harm than good - 2 (25%)
It was bound to be a growing problem to begin with, and newcomers have been disadvantaged because of it. - 2 (25%)
Total Voters: 8

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Author Topic: Coin distribution vs. community size  (Read 763 times)
casascius
Mike Caldwell
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June 12, 2011, 02:13:28 AM
 #1

On March 29, 2011, I presented the following poll (found here: http://forum.bitcoin.org/index.php?topic=5105.0)
Here are the answers that were given to the original poll:

Question: The fact that 25% of BTC are already in circulation, but far less than 0.1% of Bitcoin's ideal mature community is here...
  • Makes for interesting trivia, but it's not a concern  10 (33.3%)
  • May turn off newcomers, but let's not fix what's not broken.  5 (16.7%)
  • May make BTC less fair than intended (enriching earlier participants at expense of later), but still nothing should be done  4 (13.3%)
  • May make BTC less fair than intended, but anything we could do would be more harm than good  3 (10%)
  • It is bound to be a growing problem, and might entice newcomers to fork or restart the blockchain.  8 (26.7%)
Total Voters: 30

Now that there's more than 30 of us, I ask you to please vote and tell me what you think now.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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June 12, 2011, 02:17:39 AM
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We'll find out monday... making assertions/assumptions about the BTC on a weekend is stupid as fuck (and I don't even consider myself an econ expert, not by a long shot).

^_^
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June 12, 2011, 02:24:17 AM
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Way to write an honest poll there, buddy.

As a wise prophet once said, "Let's not start sucking each other's dicks just yet."
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