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

[ramsdaj28]

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

It's not actually unfair. In fact, bitcoin is a fair network, imo. No one really expected that bitcoin will be reaching its $7,000-mark this year, not even Satoshi Nakamoto.Those who haven't invested in bitcoin when its price was still $1.00 way back in 2011 might feel disappointed, but for those who invested, this is the fruit of their investment.

I think, it's the people's trust which make a difference in bitcoin's fate, and it is safe to say that those people were the ones who actually benefited from bitcoin's success.

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[Lagduf]

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

It's not actually unfair. In fact, bitcoin is a fair network, imo. No one really expected that bitcoin will be reaching its $7,000-mark this year, not even Satoshi Nakamoto.Those who haven't invested in bitcoin when its price was still $1.00 way back in 2011 might feel disappointed, but for those who invested, this is the fruit of their investment.

I think, it's the people's trust which make a difference in bitcoin's fate, and it is safe to say that those people were the ones who actually benefited from bitcoin's success.

Things just works the same like to those people who invest into Apple and Google, Bitcoin giving a chance for many people to become a millionaire but unfortunately many of them missed it because they have no faith with bitcoin. and as you pointed out,it's the fruit of their investment, those early adopters investing their time and money to bitcoin with risky, but why people just think bitcoin unfairly benefit early adopters. that actually just doesn't make sense at all.

[BartS]

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.

On my opinion, No its never been unfair to those early adapters. Lets say, the early adpoters have enough money to invest like millions to invest for sure they can earn more compare to those old bitcoiners. Well, it depends the status of each and everyone of us but the most important thing we already know about bitcoin, hoping we earn more so that we can step up a little bit on our income and more profit in the future.

Agree, not all early adopters of bitcoin benefited from it. Those who benefits are those who believe and who invest more. I think it's the traders who benefited more with bitcoins. They buy when its down and sell when its up. So still it's not unfair.

Many early adopters actually used their coins, like the famous case of the person that bought pizza with bitcoin, while right now many of us are storing most of our coins knowing the price of bitcoin is going to go up, so it is likely that many early adopters did not benefit financially from bitcoin as much as we think they did, but there are obvious cases of people that stored their coins and that now are millionaires thanks to that.

[Loveydovey04]

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

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

[cherryganda]

well thats life, they trust bitcoin on early stage and now they are harvesting the fruit they invest before ! if you aqre one of the early bird im sure you are enjoying now the lluxury of it..

[BitcoinPanther]

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

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

True, early adopters had been selling and buying Bitcoin.  There are lots of early adopters that sold out all their bitcoin since they thought that it is high enough to let go of 1 Bitcoin per 20 cents.  Those who holds bitcoin and believe it should really benefit from the time of waiting, promoting and pushing bitcoin to every banner ads in the internet.  We cannot expect late comers to have the same profit as early adopters.

[yrreg ger]

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

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

True, early adopters had been selling and buying Bitcoin.  There are lots of early adopters that sold out all their bitcoin since they thought that it is high enough to let go of 1 Bitcoin per 20 cents.  Those who holds bitcoin and believe it should really benefit from the time of waiting, promoting and pushing bitcoin to every banner ads in the internet.  We cannot expect late comers to have the same profit as early adopters.

Right, not all early adopters have benefit from the huge increase in the price of bitcoin. Considering the needs in order to live, some of them might have spent their bitcoin already in exchange for fiat and some of them might have sold their bitcoin losing hope that the price will never be as high today. Early adopters might have been calculating and thinking whether investing their time, money and effort in earning bitcoin. If others will say that it is unfair that early adopters should benefit more then there must be something what we call "envy" growing inside them.

[Agostosmori]

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

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

True, early adopters had been selling and buying Bitcoin.  There are lots of early adopters that sold out all their bitcoin since they thought that it is high enough to let go of 1 Bitcoin per 20 cents.  Those who holds bitcoin and believe it should really benefit from the time of waiting, promoting and pushing bitcoin to every banner ads in the internet.  We cannot expect late comers to have the same profit as early adopters.

Right, not all early adopters have benefit from the huge increase in the price of bitcoin. Considering the needs in order to live, some of them might have spent their bitcoin already in exchange for fiat and some of them might have sold their bitcoin losing hope that the price will never be as high today. Early adopters might have been calculating and thinking whether investing their time, money and effort in earning bitcoin. If others will say that it is unfair that early adopters should benefit more then there must be something what we call "envy" growing inside them.

Not just on prices but early adopters were able to get their coin at a lower investment unlike late comers who needs to shell out larger amount of money just for a single coin. And most of the whales now a days are the early adopters and they are earning huge amount of money every time there is a change on coins prices.

[KEPLER99]

The reward scales with risk taken. Early adopters always have more risk, hence it makes sense they get more reward. Just look at all the ICO participants–high risk as many of them don't last, but if one becomes a major player then they get an outsized reward for that risk.

The early adopters of the bitcoins are getting advantage form it at ah higher scale than those who had recently adopted the use of this digital asset. This is because they have passed through a lot many phases of high risk and hence they are the ones who deserve to get the most out of it.

All one needs to get to this level is nothing but a constant belief if the use of cryptocurrencies and do not let them be sold in the time of. This gradual prices eventually lead to the success of a person in the long run but wait and patience are the basic factors behind success through this method.

[Sithara007]

What is wrong with that?

It was the early adopters who took the risk of mining Bitcoins (with their own money) in 2010 and 2011, when the mainstream media channels were mocking Bitcoin as a ponzi scheme. It were these same people who popularized Bitcoin through blogs and social media. If they should not benefit out of Bitcoins, then who else should benefit from it?

[Zadicar]

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

I think it is still the same. The early investors had not instantly benefited on it easily, as time passed by the value increased several times so by keeping bitcoin for long it gave them this huge benefit. The early adopters as u said benefit less is because of the length of time as well. Maybe 4 years from now if they’ve invested now bitcoin will be 10x its price right now (assumption) then the result will still be the same.

True, early adopters had been selling and buying Bitcoin.  There are lots of early adopters that sold out all their bitcoin since they thought that it is high enough to let go of 1 Bitcoin per 20 cents.  Those who holds bitcoin and believe it should really benefit from the time of waiting, promoting and pushing bitcoin to every banner ads in the internet.  We cannot expect late comers to have the same profit as early adopters.

Not all early adopters  are rich as of now and same as you said some of them did able to sell off their stash on the ealiest time when they do see that they are already on profits the same on what we are doing now but the main advantage for them is that they are making  transactions with the price of bitcoin is still low which would really differ when it comes to profitability and for those who hold upto now would really be deserve to get those huge profits.

[Hasbro27]

in my opinion not so, because most who have and know about bitcoin from the beginning already many that have been sold since the first, maybe only a few who still keep it until now

[amla]

Bitcoins is nothing to do with early adopters,it is just crypto currency means if you invest in some digital trade in return it will benefit you .Actually it is the online trade or investment that makes you profitable.

[best ever]

No, not unfairly. Just remember the story about the American guy, who placed an advertisement about buying 2 pizzas for thousands of Bitcoins. It was in 2010. Since that time real fans of Bitcoin were mining, trading, investing BTC, they gave up even their jobs as they believed in BTC future. Their efforts and patience had to be awarded!

[davinchi]

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

I wasnt early (ie no bias) and I say no that it does benefit them unfairly. I mean they take the blunt of the risk when this started out their hundreds or thousands of dollars could have turned into dust within a few weeks or months at the time so no I say that is crazy. They took the risk therefore the reward they get is also theirs. Imagine what you would have been saying if bitcoin busted "how could you buy useless online garbage money".

Those of you that says that Bitcoin is unfairly benefiting the early adopters, you should ask yourself, what if you are in their shoes and you’re among the first adopters, won’t you be happy that you did? So there is no need to be jealous of those who got lucky and adopted it earlier. So for me, I say No, Bitcoin is not benefiting early adopters unfairly, it is their effort, so they deserve it.

[Reid]

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

I wasnt early (ie no bias) and I say no that it does benefit them unfairly. I mean they take the blunt of the risk when this started out their hundreds or thousands of dollars could have turned into dust within a few weeks or months at the time so no I say that is crazy. They took the risk therefore the reward they get is also theirs. Imagine what you would have been saying if bitcoin busted "how could you buy useless online garbage money".

Those of you that says that Bitcoin is unfairly benefiting the early adopters, you should ask yourself, what if you are in their shoes and you’re among the first adopters, won’t you be happy that you did? So there is no need to be jealous of those who got lucky and adopted it earlier. So for me, I say No, Bitcoin is not benefiting early adopters unfairly, it is their effort, so they deserve it.

The patience they happened to absorb with all of the hike of bitcoin is really great.
If I were them I might have sold it even if it is just at the $1000 mark.
So i say no also.
They endured everything that happened and held their coins for a long time. It is only a good payment for those who survived it.

[JohnBitCo]

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

It's not actually unfair. In fact, bitcoin is a fair network, imo. No one really expected that bitcoin will be reaching its $7,000-mark this year, not even Satoshi Nakamoto.Those who haven't invested in bitcoin when its price was still $1.00 way back in 2011 might feel disappointed, but for those who invested, this is the fruit of their investment.

I think, it's the people's trust which make a difference in bitcoin's fate, and it is safe to say that those people were the ones who actually benefited from bitcoin's success.

Also you can see this early adoption in another sense. If a person shows trust in bitcoin and invest in it in early days, how it will be unfair with the other person who thought in that early days that bitcoin will be a failure ?
It is absolutely not unfair for early adopters of bitcoin to get more benefit and those who invest late absolutely cant get bitcoins at such low price now.

[Bagaji]

Op, my answer is absolutely No because the benefit is perfectly fair for the early adaptors of Bitcoin and not the other way round. They were the serious risk takers that believe in the future of Bitcoin and crypto currency in general and without them we wouldn't have been where we are today in the crypto currency world.

[SashaAbraham]

Unfairly... I think this term doesn't fit in that situation.
The situation with early adopters and super growth that bitcoin demonstrated us is just reality. No matter if somebody bought bitcoins in 2010-2011 because of belief in the technology, or somebody bought because he or she saw bitcoin as a cool speculation tool, or somybody bought just for fun and forget about it for 5 years. It just fact that they bought.
So my congratulations to that early adopters.

[China8888]

depends...

risk ad untested at first, they took a gamble. Depends when they cashed out and how often they flipped.

now its full of whales, and much harder due to costs of entry etc. But lots of upside potential still