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Author Topic: Do bitcoin millonaires deserve their wealth?  (Read 3384 times)
merlyn22
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January 14, 2018, 02:00:45 AM
 #41

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?
of course they deserve it. every person in this world has a right whether they become millionaire on bitcoins or in thier local money. who are we to judge anyone wealth. if they become wealthy person is not a sin as long they don't do crime or any illegal against the law and in the eye of god. just be happy that they become rich. and on my side they will become my inspiration on life. being born as poor is not mistake but dying poor is our fault. cheers Smiley
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January 14, 2018, 03:42:56 AM
 #42

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Why wouldn't be fair? These people spend so much time and effort just to be successful in this industry. Bitcoin doesn't require you to be a professional or something, Cryptocurrencies can be understood by an individual if they really exert time and effort plus patience. Bitcoin is open for everybody to be honest, and Bitcoin didn't select these people to be millionaires so it definitely it's fair.

The amount of wealth a man posses is as a result of God's Blessing in the life of an individual.

How did God become part of it? (I'm a Christian but I don't get the point). A man makes his own destiny and has decided its own path. They don't wait for the perfect time hence they grab the time and make it perfect.

God can decide to bless any individual base on His will.

We are all equal in the eyes of God, God gives a man the opportunities but it's up to us if we are to grab it or not. If I were to base it on what you've said, He will not let any of his children be left out.





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January 14, 2018, 03:43:49 AM
 #43

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

They took the risk and they deserve the gains!
Gringoblin67
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January 14, 2018, 03:44:31 AM
 #44

We basically can't judge who deserve or don't deserve the wealth that they obtained. The world is unfair, and us giving negative comments about it won't change anything. It's best to focus on building our own wealth than compare ourselves with others.
@minajeryll
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January 14, 2018, 03:59:11 AM
 #45

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?
They deserve it, it doesn't matter if they don't have knowledge about the economy nor in business. What matter is that, we all deserve to become wealthy. Because business can be learn. And it is impossible for someone to don't have any knowledge about their economy.
LordDisick
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January 14, 2018, 04:00:06 AM
 #46

Everyone deserves their wealth if they worked very hard of earning those money. Investing in bitcoin is very risky business that's why those people who became millionaires out of bitcoin really deserves it.
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January 14, 2018, 04:01:47 AM
 #47

Who does not want to be a millionaire? If you want to always get rich rich, there are 2 important rules you should know in making Bitcoin investments.
When it comes to Bitcoin there are many reasons to believe that cryptocurrency has the power to create wealth. Even with a small amount, Bitcoin can make a person get rich
GloriousDonkey52
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January 14, 2018, 04:09:34 AM
 #48

On some points I think they deserve what they have right now considering that they have believed the concept of bitcoin earlier. They are the reason why bitcoin have never been out on the market.
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January 14, 2018, 04:18:24 AM
 #49

Well if they can make money from bitcoin, moreover becomes millionare from it i think they're smart enough to understand about economy and such? Because bitcoin is not just all people to get rich easily. You need to be strategic, know when you can make profits from this, and also how to maximize your bitcoin profits.
There are many ways to be rich, you don't always need to be smart in economy or business, sometimes luck also interfere in the way. So i think they deserve it. Because it's their hard work too.

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JTEN18
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January 14, 2018, 05:01:12 AM
 #50

Well if they can make money from bitcoin, moreover becomes millionare from it i think they're smart enough to understand about economy and such? Because bitcoin is not just all people to get rich easily. You need to be strategic, know when you can make profits from this, and also how to maximize your bitcoin profits.
There are many ways to be rich, you don't always need to be smart in economy or business, sometimes luck also interfere in the way. So i think they deserve it. Because it's their hard work too.
Everyone deserves what they have right now, please take note that we are the creators of our own action, and if we are wealthy now or still poor then it is our own fault not the government not the bitcoin because we are creating our own world and life, so think well in your every action.
cpfreeplz
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January 14, 2018, 05:05:26 AM
 #51

Life isn't fair. Get used to it. If you got in early enough and put enough effort for a small enough time then you have millions. If you got in later but worked your ass off you're probably still doing well. Newbies are taking less risk because Bitcoin is more mature so they have to pay more for them. It's like with stocks. When the company is new, it's risky. As it matures, it's less risky. At some point it becomes very stable.

I don't think anyone "deserves" to be a millionaire. So I guess no, they don't "deserve" it, but they are now and there's only more money to be made from here.
JinCrypts
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January 14, 2018, 05:29:23 AM
 #52

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Yet it is, Not only those who has the knowledge have the right to become millionaires or rich, It is their right to invest his/her own money and the luck is in their side so they deserve what they have since they risk their money in early stage of bitcoin.

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January 14, 2018, 05:35:14 AM
 #53

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

There was time when people use to do the gold rush because we had amazing abundance of Gold on the earth and people could just find it over the surface of land. Then they stacked it, they traded it and they became billionaire out of it, do they had knowledge of the economy or business? Oh surely I don't think that there was any concept like that but they still made fortune out of it.

Yes, bitcoin millioanires deserves it and you can earn money the way you want as long as it is not criminal way. It doesn't has got to do anything with the business or economy.

I mean a fruit seller sells his fruit and earns money, he doesn't need to have knowledge of the economy or business, what he need to know is the trade price of his fruits. Thats all.

Bitcoin is not different thing than this and anyone can earn from it.
trickee
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January 14, 2018, 05:43:59 AM
 #54

Yes of course they deserve it because they work hard for bitcoin.Everyone deserve to be a millionaire no one can stop it because dream is powerful to all people.Those who became a millionaire in bitcoin they deserve what they have now because of their knowledge in bitcoin.Do not be arrogant in it when are millionaire you might lose it all.
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January 14, 2018, 06:19:24 AM
 #55

I do believe they deserve their wealth, they trusted this blockchain technology, no matter what. Bitcoin was said to be worthless in all the mainstream media until a time when those media addressed it properly. These early adopters still held on to bitcoins trusting what bitcoin can do. It's not pure luck, there's some math to it, some serious calculation and risk involved in it.

OddGhost17
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January 14, 2018, 06:19:45 AM
 #56

I think they deserve what they have right now. Bitcoin millionaires are rewarded because they believe on bitcoin and have kept their investments on it. Right now its their time to get the fruit of their investment.
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January 14, 2018, 06:33:06 AM
 #57

Trying to bring in morality into investment in a free market can be a dangerous way of thinking.

That being said, Bitcoin millionaires or billionaires might have information advantage that could be considered "unfair". Not everyone had the choice to be tech-savvy or being educated sufficiently to understand Bitcoin since its inception. Thus the creation of wealth due to Bitcoin is certainly not egalitarian, it is biased toward a specific demographic, or group of people sharing certain characteristics.

Even though everything about Bitcoin is public information, not everyone can access them freely, for example, non english-speakers, people with no internet access, or people with no not enough human capital to understand the source code. These create information rent for Bitcoin's early adopters which is not too dissimilar to the economic rent collected by "insiders" in big institutions.

Whether this is good or bad depends on your view of the world. But there are certainly "fairer" way of issuing or introducing a cryptocurrency.


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January 14, 2018, 08:02:55 AM
 #58

Anyone capable of grabbing opportunities and making the best out of them deserve what they have now. That person you are talking about can either be a risk-taker or a persuasive one. That is the reality of getting what you want- striving hard to get it.
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January 14, 2018, 08:05:46 AM
 #59

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Its only fair for them to become millionaire because they took the risk of buying bitcoin at a low price without even having an assurance that it will have a value in the future.
They deserve it nonetheless, People in the past were skeptic about bitcoin and doesnt trust what the whitepaper says because it was a proposition like no other, some took the risk and some doesnt, the one who took the risk are now millionaires while the ones who are skeptic are still being skeptic and envious the pioneers of bitcoin.
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January 14, 2018, 08:09:07 AM
 #60

Yes of course they deserve what they have today .Bitcoin users or holders deserve it caused they choose to trust and invest on bitcoin crypto .they take the risk to invest on it and it fruits a lot for them .nowaday we have many people called as a  Bitcoin millionaire. And after all the efforts that they do they make it Smiley
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