Hacker News new | ask | show | jobs
by einpoklum 2730 days ago
It _is_ a pyramid scheme, in which the originators and some early adopters all of the BitCoin. 0.1% of bitcoin owners have over 50% of all BitCoin. 1% of owners have over 90%. That's 2017 data. If adoption grows, the fractions of owners will essentially drop by another factor of 10.

These people's coin cannot be devalued by inflation - only by dumping Bitcoin. So encouraging adoption is encouraging buying into the pyramid scheme and enabling these people to use their ill-gotten gains to take people's stuff.