Al Amin
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November 05, 2017, 07:50:30 AM |
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Bitcoin has nothing to do with fair or unfair because everyone's time in knowing bitcoin is not the same as there are those who recognize bitcoin first and they are confident of the future of bitcoin and he is really lucky at the moment because of the high bitcoin value. So bitcoin is not about a justice but a person's luck and the right move they take
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tommy05
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November 05, 2017, 08:00:27 AM |
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No early bitcoin adopter has take a risk they did not expect that bitcoin price will go as high as $7000 usd it was just fair to them to give them the benefit of their actions , not all has taken the risk there was just actually few people who believe and they are taking there harvest now , I believe it's still not too late to invest on bitcoin today , If you want to benefit from bitcoin take a risk now and harvest your fruits later !
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pinoyden
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November 05, 2017, 08:03:37 AM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
yes , early adopters has more benifit because they are more knowledgable and had much more bitcoins compared to people who are late to know bitcoins. but i think its not yet too late for the new adopters to earn on bitcoins because bitcoins value is still increasing therefore we can still catch up to this hype. and all of us has the oppurtunity to earn not only those who are early adopters. but i believe most of them are now rich today and not active on this forum.
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khaled0111
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November 05, 2017, 11:07:06 AM |
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Early adopters took the risk by investing in bitcoin while others didn't believe in it and concidered it as a scam. So, it's fair when early adopters get benifits for supporting cryptocurrency. It is not too late, any one can start investing now and get a good profit. Bitcoin price doubled eight times in less than ten months and all experts predict that price will not stop there.
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MoonJeina
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November 05, 2017, 11:14:37 AM |
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My answer will be a NO . Bitcoin is not partial and has never been unfair . The early investors saw some potential in bitcoin when bitcoin was nothing . Bitcoin was known to no one and no one even tried to show their interest in bitcoin . This was the time when eary investors adopted bitcoin and invested in bitcoin . Even if someone invests in bitcoin now, bitcoin will not be unfair to them . The thing is that bitcoin is very expensive now that is why old investors benefitted before when bitcoin was of very negligible value.
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portotoi
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November 05, 2017, 11:23:54 AM |
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No, Bitcoin doesn't unfairly benefit early adopters. Bitcoin is not unfair, actually it did not allow double account or cheater in this forum who want to collect more coins that what is entitled. It even monitored IP's to do equal distribution of tokens. It is normal that early adopters can benefit early than the late one. so bitcoin has nothing to do with that! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Diablesfunis
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November 05, 2017, 11:28:25 AM |
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No, early investor take the risk when bitcoin is basically nothing. They stick with it years until now and they are rewarded for their loyalty by owning a lot of bitcoin. It's a different matter investing something that already big compared to the one that just started.
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atc1-REAL
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November 05, 2017, 11:36:45 AM |
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No, btc doesnt by its technology benefit early adopters. In fact late adopters have more of an edge as the quantity of btc decreases. Its only the market forces that are pushing btc to a higher price and the fact that early adopters are using it as an asset and not a currency as intended, something that btc has nothing to do with.
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pandanaran
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November 05, 2017, 11:39:01 AM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
The early holders do not get a profit free of charge, they take risks and generate profits as they are now with the high bitcoin prices. If you see bitcoin when there is no big investor and the price is still low, do you think you want to adopt it? they bet on the risk of losing.
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Erkallys
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November 05, 2017, 11:45:40 AM |
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No, that is extremely fair that the pioneers, who risked their money and time on something not at all established are rewarded. It is thanks to them that Bitcoin passed throught the hard times of its infacy to slowly become what it is now. And you know, we are all the early adopter of someone else ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) !
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STRAKS
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November 05, 2017, 01:10:19 PM |
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Unfairly would imply that it was created to be advantageous for the early adopters. Yet when Bitcoin was created I doubt anyone would have predicted just how popular it would have become.
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Razick
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November 05, 2017, 02:16:24 PM |
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Yes it does, but not all of these people held their coins. Some were lost, but most were sold because they never thought Bitcoin would last, or that would be the highest the price would go. For the percentage that are still holding their coins, well they deserve them because they took a chance in a network understanding the implications early on like Satoshi having a lot of coins, but didn't care because they wanted that censorship resistance value transfer system.
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chip211
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November 05, 2017, 02:23:24 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
I find it very fair and life is fair to everyone. When it's low, people can buy it why not? When it reaches high value you complain?
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Fen1X
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November 05, 2017, 02:29:55 PM |
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No. Early adopters are the pioneers, who invested time and money when the future was still very unclear. They hoped, but couldn't possibly know that Bitcoin would become what it is now. I think bitcoin exceeded everyones expectations and I think it will continue to do so for quite some time.
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ImHash
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November 05, 2017, 03:46:19 PM |
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Yes, That doesn't give you the rights to clone a similar situation for more than 900 times ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Someone had a fight with his wife and then a few days later he decided to launch his own cryptocurrency ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Crafts12
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November 05, 2017, 04:10:02 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
I think it depends to the person who manages his/her own bitcoins. It depends on the skills and knowledge a persom have in terms of bitcoin. Luck is also present in bitcoin because those lucky person who won in gambling earn a lot of bitcoin in just a short period of time. If you want to earn more, just learn more and develop yourself.
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Cosbycoin
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November 05, 2017, 07:03:07 PM |
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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.
Well, is not it something we should always expect, but we have to understand that those institutional investors you are referring to also took some bold steps. If bitcoin ended up not working, they would have lost so much of what they put in but they were willing to take the risk, so I do not see that as being unfair at all. It is the way life is and there is nothing that can be done about that, but that does not make it less decentralized.
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Unilevear
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November 05, 2017, 07:52:57 PM |
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Bitcoin has nothing to do with that. It is only fair to them that they are now benefitting from the risk they took when bitcoin is just starting to build up its legacy. Those are hard decisions and investment to make since there is no assurance and they really don't know what bitcoin can give them. They just believe in it and risk some of their money. So now, they are enjoying this moment and we should not blame them just because they have so many bitcoin to spend and to invest.
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malikusama
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November 05, 2017, 08:21:59 PM Last edit: November 05, 2017, 08:38:36 PM by malikusama |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
No way i strongly disagree with this, bitcoin isn't like network marketing which will benefit the users who joined it earlier. In fact the distribution of wealth in bitcoin is equal and balanced. Rather than before bitcoin has provided much more opportunities to earn due to its rapid growing price, now its up to the users that how they avail the opportunities.
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BartS
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November 05, 2017, 10:11:56 PM |
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Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
This kind of idea goes against bitcoin and what it represents, it is like saying that those that invested in apple when it was starting were just lucky or that they are getting unfair advantages, that is the way things work, people that invested in bitcoin when it was worth nothing took a risk and now they are getting the rewards by believing in this technology, do you want the same earnings then invest in an altcoin and hold.
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