Post
Topic
Board Speculation
Re: And the crash continues
by
dinofelis
on 29/01/2015, 12:50:53 UTC
Too bad, too sad bitcoin reward schedule was made by some apes apparently.

Bitcoin like: "we are groundbreaking new tech in moneytoken but you can't use it before 2028 because that's how long distribution will take"

Man, i don't get my head around how people can create this technology and then screw up the economic part like that. Some real apes.

I think that is exactly what is good about it.  If it takes so long, it will get spread out a lot.  The seigniorage will be everywhere and nowhere. 

Bitcoin is not going to become a main currency (if ever) before several decades in any case, so just as well take that time to distribute it.  Bitcoin is a century-long project.  As fiat money has been.