I am completely on board with Bitcoin, but I'm a bit amazed (for lack of a better term really) on how wealthy current Bitcoin participants will become when Bitcoin becomes ubiquitous.
It seems that it would be more fair that everyone just transfer their current personal value into bitcoin value to avoid the inflation effect.
There is no doubt that the current participants are creating incredible value for the rest of the world, and should be rewarded, but it's truly scary how much money they will have. I'd be interested to see someone do the math on how rich they would become, but I think it would be scary.
I feel that democracy is to politics as what bitcoin is to the economy, but our founding fathers were not turned into trillionaires.
My understanding is certainly limited, but I think the reality is plausible.
It seems that it would be more fair that everyone just transfer their current personal value into bitcoin value to avoid the inflation effect.
There is no doubt that the current participants are creating incredible value for the rest of the world, and should be rewarded, but it's truly scary how much money they will have. I'd be interested to see someone do the math on how rich they would become, but I think it would be scary.
I feel that democracy is to politics as what bitcoin is to the economy, but our founding fathers were not turned into trillionaires.
My understanding is certainly limited, but I think the reality is plausible.