Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

[tj4dmx]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

[bling-bling]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

Bitcoin has nothing to do with that. It is the people who invested early who should be credited if they are now benefiting greatly from their investment. They made that right move to hold and/or trade which is why they are earning, not Bitcoin.

[misterj]

I answered No because the treatment or the worth of profit that the early adapters earned are fair for me since they have been there o its early stage which means that they have gambled their fortune for the future. Which we all know is worth it since they have not just doubled their profit but even greater than what they have expected to earn. To sum up, is was not unfair in the first place since they have gambled with their fortune unknowingly how good will bitcoin will turn into.

[tj4dmx]

@bling-bling  AND  @misterj, Thats for your deep insights !!!  Very educative !!

[mrcash02]

Why unfairly? They didn't hurt anyone to get their Bitcoins as early adopters. They just enjoyed their chance as pioneers. The opportunity was there, Bitcoin wasn't so interesting on that time, but anyway these people believed its power and received their reward for it as we can see now.
In my opinion that was a very fair deal.

[tobs]

It should actually be the opposit. It rewards the brave early adopters who decided to even in fact "throw away" their money for a random new project about some "weird internet money" that no one even expected to go that far. It shows that brave decisions pay off and you shouldn't be greedy when investing in new ideas. There are many new altcoins out there right now. You know that some of them will in few years be really big? They costs now a dollar, while they can go to thousands. I think it's about choosing and supporting a project that for real does something revolutionary.

[warrior333]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

Bitcoin has nothing to do with that. It is the people who invested early who should be credited if they are now benefiting greatly from their investment. They made that right move to hold and/or trade which is why they are earning, not Bitcoin.

It seems to me that people have a strong sense of greed. They envy those who became rich. They don't think about the fact that people could not sleep at night, risked their money and very often lose money. People see the end result. That's why many have this attitude to those who got rich at the expense of bitcoin.

[tj4dmx]

Now i believe some and not all the early adopters have large numbers of bitcoins because they took risks and invested time and resources in an unproven technology that was hardly used by anyone and that was much harder to secure properly. Many early adopters spent large numbers of bitcoins quite a few times before they became valuable or bought only small amounts and didn't make huge gains. There is no guarantee that the price of a bitcoin will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through. Bitcoin is still in its infancy, and it has been designed with a very long-term view; it is hard to imagine how it could be less biased towards early adopters, and today's users may or may not be the early adopters of tomorrow.

[Maveth13]

Definitely not. They had the guts to take risk and invest in something very peculiar during the early days of bitcoin. Whatever profit they gained is a very well deserved reward for that. And if you are just new to bitcoin, take it as a proof that investing im bitcoin really is profitable, that would be your benefit as a late adopter.

[OmegaStarScream]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

You can only blame yourself for not trusting bitcoin at the early stages like they did but here is the thing, If you buy now, wait a few years until we get mass adoption, you will be considered as an early adopter as well.

[gentlemand]

Without early adopters there would be no Bitcoin. It's easy to sit back and moan at their riches when everything looks healthy and strong. Back in the day it could've gone either way.

And the information was out there for anyone to discover. Anyone who isn't an early adopter only has themselves to blame. It wasn't being withheld.

It's also safe to say that most people who did have what is now a vast amount of wealth have probably lost it or sold too early. There'll be very few who sat around until now completely intact.

[BillyBobZorton]

Think about it this way: The early adopters of bitcoin that bothered to mine when it was WORTHLESS, yes, that's right, mining it when it was $0... they really cared about the technology and not the price. The people that put effort into developing this thing when it had 0 reward deserve the biggest reward now that it's growing into something big.

You can't expect some guy that hears about it 20 years later to have the same reward as the guy that coded, ran a node and mined it since the early stages, specially the people that said it's a scam but then regret not buying earlier.

This is simple: risk:reward ratio is always going to be there in any fair system.

[Chris314]

No unfairness there, early adopters had the guts to buy btc when it wasn't as popular as it is now, and they are rewarded for being first believers in what bitcoin represents. Many of us wish now to have a time machine and go back buy some while it was cheap compared to now.

[susila_bai]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

I dont agree with your point , their are users who have joined recently or some months back but are earning so nicely due to their effort and willing to earn more are earning so good that even early adopters have not done it. Only those who in early time have purchased bitcoin and forgot or thrown it thinking as dead investment and today their fortune is boomed due to that dead investment. Even their are users who were early adopters who sold their bitcoins when btc was $2000 - $2500 and today they are seeing the recent price

[pecson134]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

You can't that it is unfair because those early adopters and the patience of holding the bitcoins do not also expect that the bitcoins their working at their early years would reach its value as of today. I consider this fair because they take the risk not knowing what fate might come to bitcoins before so it is just a trade off to them.

[npredtorch]

Basically, no it don't since they didn't know what would be the future of bitcoin when they first started into it. No one had a clue that it will grow like this.
Also, to think on other perspective, the most benefit comes to us late adopters cause without them (-early adopters) bitcoin would't reach its peak today. Without their support, it's possible that all will be nothing.

[jossiel]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

You have to know what's the definition of bitcoin. And as for the early adopters, they even don't have the idea that bitcoin will be growing up to the situation that it's price will be $6,000.

Early adopters did just a great job for investing bitcoin at a very early moment and we can be considered as early adopters by the next generation.

Wait for 3-5 years and they will also call you as one of those early adopters that was given unfairly benefit by bitcoin. 

[Lykslyks]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

I don't think so, we are both equally benefited today besides we are all doing our efforts to earn here. It's just that the value of bitcoin is on fire today, maybe because it is being recognized and some legalized it in their countries.

[Baofeng]

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?

I don't think that you can say that they unfairly benefited. Those early adopters are very similar to us today, we believed that bitcoin will go places and that holding it for the long term will give us benefits in the future.

The only difference is that they have seen something in bitcoin that a lot of us has doubted in the beginning. They saw that bitcoin is a good thing to buy, maybe for most of them as invested or other think that they can used it as online payment. But since they are resilient as bitcoin, they are now reaping the rewards. So for me, they are not unfairly benefit because of believing in bitcoin in those early days.

[ivrynx]

Bitcoin doesn't unfairly benfit early adopters, I think if all of us are given a chance to start over again, those who had bought Bitcoin during it's early years would've still bought Bitcoin and those who waited to check if Bitcoin is legal, hackable or even profitable, will still wait, I think it will depend on our mind set on how we see things, if you think they are unfairly benefiting from Bitcoin, then the people after you have invested will think of the same with you,  from what I see, it depends on the person how he can gain more profits and have a huge capital gain, but the benefits of Bitcoin is still there, it's still decentralized, it's still anonymous, it's still secure depending on how you keep it, just don't look at how many bitcoins another person has, look at yours and try to maximize the use of your bitcoin.s.