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Question: Doesn't Bitcoin unfairly benefit early adopters?
YES - 25 (21.9%)
NO - 81 (71.1%)
MAYBE - 8 (7%)
Total Voters: 112

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Author Topic: Yes or No? Doesn't Bitcoin unfairly benefit early adopters?  (Read 3620 times)
aardvark15
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November 01, 2017, 01:39:15 AM
 #21

My opinion is that early adopters are rewarded for getting into Bitcoin before it was worth anything. They probably deserve any wealth that they have acquired. Not just with Bitcoin, but in anything that takes time to succeed, those that invest early will most likely receive the greatest reward.

But the rest of us can still make money if we work hard at investing and trading and if we make good decisions along the way. We can also get in early on some good altcoins and maybe we can reap the benefits as well.
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November 01, 2017, 02:05:46 AM
 #22

I dont get the point of this question. Why would bitcoin unfairly benefit early adopters? It is logical and fair that the people that have come into BTC business with their own money on the early stage of this cryptocurrency made a lot of money. They decided to invest in some innovation that can pretty much lose its value in really short time: at least that was the thing that people believed in for a long long time.
The exact same thing is about the stocks market, if you can find a good stock that is still not well known, then you can make huge money when it become more and more popular all over the world, it is about the timing and doing the correct decision.

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November 01, 2017, 02:10:28 AM
 #23

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?
Of course not! It is not infair. It is fair in their part since they encountered and first to trust in Bitcoin at its early days where everyone is doubting followed up by a huge fall in its price years ago but still continue to hold their bitcoins and believing in it. What we can get from it is that it really pays all of those times that they trust the system.

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November 01, 2017, 02:17:39 AM
 #24

Definitely not, for those adopters of bitcoin it is fairly benefited on bitcoin. It is their own way on how they can earn huge profit when they invest in bitcoin. It is matter of how they manage their investment in bitcoin, when they hold for more years ofcourse they will also get huge profit. So it is fairly enough the way they invest with bitcoin.


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November 01, 2017, 03:01:16 AM
 #25

It is not, a big big no, it is not definitely unfair, it is just that those who really adopts bitcoin were blessed because they can have bitcoin so much and buy, that is why the value goes high and continue to grow more, they were benefited more than us now because if we invest now in btc we have to make thousands of dollars to accumulate 1btc only.
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November 01, 2017, 03:11:26 AM
 #26

It is not, a big big no, it is not definitely unfair, it is just that those who really adopts bitcoin were blessed because they can have bitcoin so much and buy, that is why the value goes high and continue to grow more, they were benefited more than us now because if we invest now in btc we have to make thousands of dollars to accumulate 1btc only.

Or at least they had faith in bitcoin even the though in the earlier times, hardly their are any patronizers back then. But now it seems their more and more adoptaters than before. It is hard to imagine that now even countries are giving high hopes for bitcoin and even stating to take advantage on its services for its citizen. Honestly i am one of those people who regretted not buying btc.
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November 01, 2017, 03:34:27 AM
 #27

It does give too much power to institutional investors that got in very early. They manipulate the market at their will, and manipulation translates in centralization of power, quite ironic for the idea of a decentralized currency.

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November 01, 2017, 03:53:26 AM
 #28

Of course Bitcoin benefits early adopters, and it should be that way. They seen an investment and they risked.  You can not say that something is unfair, because you didn't join the ride on time, because you didn't want to risk or didn't know about. All investments are like that, but not every turn to be as good as Bitcoin. It would be selfish to say that Bitcoin unfairly benefits early users.
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November 01, 2017, 04:52:29 AM
 #29

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.

Well said, they had risk financially and trusted this e currency so they should earn what they have done and we can also see those new comers here in bitcoin benefiting fair enough so I agree that we have equally benefited by this. It's up to someone if he or she has a strategy or a plan to maximize the potential benefits of bitcoins.

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November 01, 2017, 05:05:05 AM
 #30

That's a big NO that I answered on the poll as it was a person's own wish to adopt BTC or not when they first heard about it. There were more people who trashed the whole idea of digital currencies than the ones who intended to adopt to a new system and most of the latters are probably millionaires by now because of their own decisions when the majority were opposing it.

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November 01, 2017, 07:44:32 AM
 #31

Yes bitcoin had greatly benefitted early adopters since currently bitcoin had really gone far in its value. Early adopters had been able to invest with bitcoin with a smaller value than investing today and if we compare the possible mark up it had if not withdrawn, then someone probably had earn millions already. Personally I already know someone who has such accoubt and she even started it not too long ago.

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November 01, 2017, 08:21:48 AM
 #32

And what if i told you that it's quite possible that the people who are investing in bitcoin today could still be considered an early adopters? If bitcoin becomes widely accepted, the price will go up much higher than today and this might happen in few years.
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November 01, 2017, 08:45:18 AM
 #33

And what if i told you that it's quite possible that the people who are investing in bitcoin today could still be considered an early adopters? If bitcoin becomes widely accepted, the price will go up much higher than today and this might happen in few years.
early investors will get the maximum benefit as they have bitcoin at very low price and maximum of them might got it for free in 2009-10.it also true we will consider as early adopter in upcoming years.but right now early adopter are reaping the benefit of btc supply depend project airdrop.

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November 01, 2017, 09:00:01 AM
 #34

I sense an air of begrudging from the OP with the use
of the word 'unfairly'. There is nothing unfair about
The early adopters possibly having hundreds or thousands
Of bitcoins, they took the chance and were willing to buy
Into it. I had the chance back in 2010, 2011 but didnt act.

So what would be fair in relation to the op's question?

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November 01, 2017, 09:06:20 AM
 #35

it what context? Early adopters may have piled up large amounts of bitcoin for a far, far lesser price than it is today. Therefore, if they were holding them, they'd have a large amount of money as well and as of now, if you wanted to invest in bitcoin you'd need a little more money and also who knows if the price will jump for 4800% ever again. So i'd say say, they might have the benefit from early adopting bitcoin but not the "unfair" one.
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November 01, 2017, 09:17:46 AM
 #36

My opinion is that early adopters are rewarded for getting into Bitcoin before it was worth anything. They probably deserve any wealth that they have acquired. Not just with Bitcoin, but in anything that takes time to succeed, those that invest early will most likely receive the greatest reward.

But the rest of us can still make money if we work hard at investing and trading and if we make good decisions along the way. We can also get in early on some good altcoins and maybe we can reap the benefits as well.
It took nearly seven good years to see the profit for People who invested in bitcoin in early year. Realizing the potential in the early stage is either a skill or luck, but that matters when profit making is concerned. Putting money in something which you think will succeed when idea or concept is just realizing is not easy task. Frankly those who invested in very early stage were not even sure about this much return on investment. It is those who realized the potential in later stage that is probably past mt. gox incident, those investors deserve this return on profit. Because after mount gox incident value and credit of bitcoin plummeted from 1100 USD to 250 USD. Those who kept their coins and kept on purchasing were the ones who knew that bitcoin is next big thing.
There are no other coins which has that much good will and ability to bounce back from the fall. At max ethereum or bitcoin cash is showing some promises but no one is near bitcoin. There are less chances of that happening.
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November 01, 2017, 09:37:05 AM
 #37

It is not, a big big no, it is not definitely unfair, it is just that those who really adopts bitcoin were blessed because they can have bitcoin so much and buy, that is why the value goes high and continue to grow more, they were benefited more than us now because if we invest now in btc we have to make thousands of dollars to accumulate 1btc only.
Not all of them were even blessed. Most of us could have been able to afford just enough that would have made us extremely rich today. How much was bitcoin even as far back as 2011 that even a beggar could not afford if he or she really believed in it. The thing is that they took the bold step either they had huge funds to spare or not, which obviously, the more the funds, the more the risk, and they are benefitting now. Anyone coming now just have to wait for their time, 2009 - 2017 has not been a small journey.



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h0lybyte
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November 01, 2017, 09:38:21 AM
 #38

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?
No, We can't say bitcoin is unfairly benefitting early adopters. It is their own money and they have right to take benefits from it.
 They had locked their money just like fixed deposit plan years ago, it is their patience that made their money doubled.
Instead of chilling early adopters, learn to maximize your own bitcoins by following their strategy

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Mpamaegbu
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November 01, 2017, 09:41:58 AM
 #39

Yes or No?    Doesn't Bitcoin unfairly benefit early adopters?
It is called pioneers advantage. But I wouldn't say early adopters have undue advantage over other holders now keying into the Bitcoin. They took the real risk because Bitcoin wasn't attractive back then and there was no fancifu structure of reference for it.  Those of us now keying in aren't taking risk per se because Bitcoin is already popular and enjoys huge patronage. We are just profit conscious.

The same scenario will play itself out in a few years from now with these new altcoins springing up here and there which most people now call scam or shitcoins just like Bitcoin was tagged. Only time will tell.
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November 01, 2017, 09:55:00 AM
 #40

Probably yes, its is their prize that they believe in blockchain technology during their time and now they are millionaires but its not too late to adopt since blockchain is in its development stage meaning there are more things can be innovate and that a good thing for us, today's investor of bitcoin because we can also be wealthy using this technology as an asset.

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