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Siopao
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November 01, 2017, 03:36:58 PM |
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No, it's not an unfair benefit. It's just the fruit of their being risk-taker, in fact we should thank the early adopters for it's because of them why bitcoin have been successful nowadays. Years ago who would have thought that the value will blow up as higha s its value today, so its really either skill with intelligence or pure luck.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Shenzou
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November 01, 2017, 04:22:51 PM |
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It is true that the poeple who have used bitcoin from the first get huge benefit from it, but they deserve it because they supported bitcoin from its early ages and gone through a lot to get to this point, they got it fair and square because they were paitent and persestiant, and honsatly you can't someone who have saved all the bitcoin they got from 2010 up until now, besides bitcoin can be benificial for the new users as well you just have to be paitent and smart, when bitcoin was down to 700$ this year the ones that took that opurtunity and bought as much as they can they have 10 times that amount now, all you have to do is wait for the right moment and keep on believing in bitcoin, and that is what matters and that is what got the early users the profit they waited a lot for.
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Dudeperfect
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November 01, 2017, 04:53:27 PM |
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No! Everyone will get what they deserve. Early adopters spent their time, efforts and money when Bitcoin was absolutely nothing and there was no assurance of any returns for the same thus they are the one who should get the maximum reward in my opinion.
Now, I believe that Bitcoin is still in the beta phase and anyone getting involved today is an early adopter and we will definitely get good returns down the road, probably in next 5 years or 10 years from now. I beg to differ with the statement on the topic.
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Glorious04
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November 01, 2017, 05:00:30 PM |
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I dont think so. The prices of bitcoin does not vary in the type of holders it has. One maybe new to the business but if they do it seriously they will surely benefit the same as others do. Though i think u mean those who are giving services for pay in bitcoins. Yes in the forum those who are older or higher in rank are being paid higher than the beginners.
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lighpulsar07
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November 01, 2017, 05:03:49 PM |
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No. why is it unfair? because they are early investors and they earned more money than they invested and they are millionaires? dude you should be thanking them because, if they didn't invested in bitcoin maybe satoshi discontinued bitcoin and also becuse of them bitcoin gained popularity over time because of their stories some of us want to be like them so, they invested in bitcoin and it's never too late to be like them we will be like them someday just keep your faith in bitcoin.
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hajimasan
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November 01, 2017, 05:12:51 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
Here we can say yes and no both Because here at one side the people who invested in bitcoin taked the risk of loss in the investment in the bitcoin Because bitcoin was not much famouse and also bitcoin was not legalised at that time in more countries . But opposite of this we can say that bitcoin is giving profit to the early investors Because after the price of the bitcoin get much high and new investors thought that it is high price and if we will invest then can't make big profit . But still here we should at this factor that bitcoin is going increasing blindly , but still people are making profit from this thing . |
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Hydrogen
Legendary
 Offline
Activity: 2562
Merit: 1441
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November 01, 2017, 10:46:15 PM |
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I am an early adopter. I may not have been intelligent enough to recognize bitcoin's true value. And so I dumped all of my coins back when one btc was worth $10. I don't feel like I have an unfair advantage over anyone. I'm certain there are many early adopters who thought 1 btc priced @ $50 would be bitcoin's all time high and sold everything they held. There are likely many early adopters who sold all their btc when the price hit $2,500 thinking it would not go higher.
On the surface it may seem as if early adopters have an unfair advantage but the truth is a good portion of btc and crypto's gains have come within the last 16 months and so there has been plenty of opportunity for anyone to do well in crypto if they had only been around near to a year ago. They say the grass always looks greener on the other side of the hill and that could apply to btc where everything seems to favor early adopters in hindsight. But being an early adopter doesn't guarantee someone would hold their coins long enough to reap the rewards some of them are enjoying today.
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Beerwizzard
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November 02, 2017, 12:15:01 AM |
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Just remember yourself when you have never heared abou cryptocurrencies and everything like that is new, unknown and definetely sounds like a scam. To become an early investor you had to do one of 2 things:
1. Buy some amount of BTC for your own money. Will you spend (waste) at least 50$ now for nothing?
2. Mine some bitcoins slowly killing your PC. And destroing your computer for nothing even now seems pretty unfair.
The guys who took a risk and did it now got their benefit. Everything seems legit.
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cah ndablek
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November 02, 2017, 02:37:09 AM |
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yes because bitcoin is able to provide jobs for many people every month on condition that they must be able to finish all the work that is in it as well as possible. Descriptively bitcon will make a person's life becomes better in meeting all the basic needs.
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Fretcy
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November 02, 2017, 06:22:30 AM |
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Early adopters of bitcoins were ready to take risk by investing their earnings, effort and time on a new invention like bitcoin and blockchain technology which has helped them to change their livelihood when the value increased but some of the early adopters of bitcoin did not wait for too long for the price to reach hundred fold more than prices on the early stages and so not all adopters were able to gain from bitcoin as they have sold it, only some investors were lucky enough to save their bitcoins when the prices reached the peak which was for the betterment of the early investors, If you also want to benefit from this technology it is better to invest now rather than waiting for losing the opportunity of gaining from bitcoin technology.
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djsugar
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November 02, 2017, 06:29:43 AM |
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Where the hell is unfairness here?
Bitcoin is decentralized and nobody is controlling it or giving profit to anyone. Nothing can be more fair than Bitcoin. Bitcoin is designed in a way that earlier you invest, the more profitable you'll be. Those early investors were ready to take risk and put their earnings into something so much unpredictable and were able to hodl till now. Don't forget between 2009 to 2017. There were many moments when Bitcoin suffered huge dip and almost died. If someone hodl in that period, then it is commendable and they deserve their share. You are looking at bitcoin when it is at this strong position. Back then hardly anyone trusted it.
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Vishnu.Reang
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November 02, 2017, 06:40:35 AM |
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Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.
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Lagduf
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November 02, 2017, 06:59:17 AM |
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Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.
People have the right to invest or not anyway, and those early adopters who invest into a project and it's then becoming such a success, have the right to have the good fortune they made, and it's all by their own decision. It's just pointless bragging about how early adopters overly benefited from bitcoin, If someone saying this, I just want to ask, why don't they just becoming the early adopters when bitcoin is still not a thing back then. |
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beerlover
Legendary
Offline
Activity: 2870
Merit: 1158
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November 02, 2017, 02:29:05 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
We cannot call that unfair. Early adopters always benefit in most things, while the laggards should always have themselves to blame. We all had an equal advantage somehow in some ways but those who took the opportunity and the risk at that time and benefiting from it now is not unfair as you can wait for your own time too.We could say it is not easy for hustlers, but the pizza boy who bought a lot in the past was also a hustler. They took the boldest risk then and we are taking a lesser risk at this point and later on when things are starting to get rosy, then that gives it no risk and anyone coming that time should never see it as unfair compared to someone who is here now. |
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naidray
Legendary
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Activity: 1232
Merit: 1029
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November 03, 2017, 08:35:38 AM |
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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.
Yeah, it took being brave to be an early adopter, something that not everyone had. Many of us called it names, so many did not believe but some did. It seems unfair to them if we all at the end, ended up having equal advantage. It was a huge risk they took which is paying or has paid off for them now and when the time comes, most of us here too will be glad we did in upcoming years. That is just the way life work! First come, first serve! Unless you just got lucky. |
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azguard
Legendary
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Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
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November 03, 2017, 01:15:53 PM |
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Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.
Why is that they believe back then in bitcoin and now they are laughing at this they probably spend little more then 100 dollars to buy 100 bitcoin back then image and just calculate the price at the moment, off course this is if they didnt sell it when it was price good for them. |
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okissabam
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November 03, 2017, 01:49:20 PM |
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I don't see it to be unfair, they knew bitcoin before we did so it is just right for them to take all the benefit before us because obviously they bought bitcoin cheaper and earlier than we did. It is just sad we found out about bitcoin before we did, but life is always unfair. There is always the so-called the "lucky ones".
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filharvey
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November 03, 2017, 01:57:26 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
There seems nothing unfair in that. If you are too late to enter the bitcoin world,its neither your mistake nor bitcoin's mistake. Early adopters are those who had trust in bitcoin and bought it when most of people raised doubts about it. Some even said that bitcoin would be dead soon. But still,those early adopters consistently supported and had faith in bitcoin. I think that they deserve more to enjoy such tremendous benefits from bitcoin. |
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Fafabol
Member
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Activity: 267
Merit: 11
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November 03, 2017, 02:25:48 PM |
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I don't understand why it's being unfair to early investors as they have all the opportunities to buy in cheap price. Yes they didn't knew that bitcoin will reach this far as so the one who HODL until now are the one who's lucky and profiting.
I think the most important here, early investors or just new here that we're all in right track.
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yugyug
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November 03, 2017, 02:43:44 PM |
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i didn't see any unfair benefit for an early bitcoin adapters but they have an edge of advantage because they already buy a good position for investment, even if they hold it for at least 3 years then that is more than a times fold of gain and profits. it is just a matter of faith if they believe that btc will hit more than 10k usd then they are most rewarded bitcoin investors.
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Poll
