[bawolff]

That's how all money-esque things work. First mover advantage is pretty extreme in anything money related.

> I’m very curious to see an elite class whose core virtue is based on being an early adopter.

How do you think the elite class became elite? How do queens and kings get their power? By having some ancestor in the right place at the right time take advantage of an opportunity before other people tried.

[mrtksn]

>How do you think the elite class became elite

They fought and murdered the competition. Their offsprings continue doing that until they no longer had the intelligence or power and got exterminated and their wealth redistributed.

This is very, very different than stumbling upon something.

[elevenoh]

>This is very, very different than stumbling upon something.

a) Accumulating capital & power (e.g bitcoin, land, property, influence) has always had a 'stumble upon' component.

There's no inherent 'fight and murder' evil to it...

b) Early Bitcoin acquisition required some level of computer/security/independent thinking competence.

Early land acquisition required some level of legal/defence/homesteading competence.

Aside: Writing 'very, very' made me take a closer look at this comment. Comments stating something like like 'very, very' pretty reliably tend to be flawed & indeed not 'very, very'.

[mrtksn]

>Accumulating capital & power (e.g bitcoin, land, property, influence) has always had a 'stumble upon' component.

I'm sure that inventing the Internet had a component of drinking coffee.

Anyways, the BTC is a power transfer by virtue of being early and demanding all the goods and services to be provided in exchange of transferring some amount of it.

If that is deemed unfair by the stakeholders it is very likely that there will be fight and murder phase. Can you imagine if it turns out that Satoshi is a mathematician from El Salvador and secretly holds half of the reserves once BTC is established as a world currency?

Do you think that El Salvador will instantly become world's richest country and everyone will provide them with food, wine, weapons, iPhones, software in exchange of some of the coins?

[bawolff]

Stumbling upon the right person to murder is still stumbling upon something. Lots of people fought and murdered, only a few became the rich and powerful.