Hacker News new | ask | show | jobs
by hndamien 3178 days ago
This is probably true, but wealth is only distributed when traded for wealth (or service for wealth creation).
1 comments

What?

Cryptocoin minting algorithms distribute the supply based on what the developer typed in. Almost always, this is exploited by the developer to create the most amount of coins for the least amount of effort to the smallest group of users at the start of the project. Then they just wait in hopes other users speculate on the "limited" supply and they dump their holdings which cost less to produce then current coins are being produced for.

Trading cards, beanie babies, and database-coin entries have production costs, which users don't always realize are significantly lower than the price they're charged for in retail.