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by hndamien
2988 days ago
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Thanks for engaging and not immediately seeing my refutation as hostile as is often the cases when I speak with most people I disagree with despite trying my hardest to be diplomatic. You raise many points that I think are mostly mistaken, but understandable from the viewpoint of our standard human psychology. These similar feelings were actually shared by people buying into Bitcoin early, thinking "oh, I rewarding these early people for doing nothing!". Now they look back and think "ha ha! I robbed those early people!". Those sellers may also feel it was a requirement to launch the currency as well. There were "faucets" giving our Bitcoin for free would you believe, just to increase distribution. The protocol works better when more people use it. The fact that the supply is finite means that despite these wealth allocation drawbacks, there is a limit on how long that game plays out. Arguably it is infinite with constant growth, but if that is the case, this is hardly a problem for the community. I think this is at the crux of the difference of our viewpoints. I see two systems. One you are in by default and is not transparent and is unconstrained. The other you can opt in, was vociferously prevented by the status quo (see centralised digital currencies), and is constrained. Those early people took a punt and deserve to be rewarded. Also, early is just relative term. Compared to the coming 9 billion, this is still early. However, investment now isn't at their expense, it is for their benefit. Everybody benefits from a common protocol for sound money. |
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