Quote from: toknormal on April 15, 2015, 07:35:34 AM

Quote from: TanteStefana2 on April 15, 2015, 06:43:09 AM

The unfortunate thing here is that no matter what you do, there will never be an egalitarian society.

This is not quite true.

An "egalitarian" society doesn't mean that everyone has exactly the same amount of everything in a purely materialistic sense, otherwise we'd have to throw out diversity as well. Do you really want a society in which everyone is a clone of everyone else ?

Lets say the entire world dollar supply is $20 and me and you both start off with $10 each. But you've a guitar that you don't want and I would like one. You sell me your guitar for $5.

Now you've got $15 and I've got $5. Immediately the money supply has become unequally distributed.

Thats why I think that most of these arguments about distribution of crypto are complete baloney. Ok - POW is a reasonable way of getting the money "out there" initially, but markets just blow that distribution to kingdom come eventually.

As far as holdings go, there only are 2 relevant entities: You and Everyone else.

Lets look at things from a global perspective for a moment. There are 7.3 BILLION people in the world. All of cryptocurrency has been effectively "instamined" into the hands of maybe a few thousand of them - lets say 10,000 for arguments sake.

That means the ENTIRE cryptocurrency coin supply is in the hands of just over a MILLIONTH of the world population. Do you really think they could care less about the ethics of distribution WITHIN that millionth ? Cheesy

I completely agree. And frankly, I think the coins will become more and more distributed as people enter the system. In the end, money is worth time and effort. In many ways, all of us put much time and effort into this system, and that is what gives it it's current value (more so from developers, but without us, it wouldn't go anywhere). And when we want someone elses time and effort IE their products, we will depart with our coins.

I was and still am unsure of a deflationary economy, however, I read someone's point, that even in a deflationary economy, people will spend on things they need or want. They need food, shelter, clothes, etc... but there are perceived needs, like a car, nicer clothes and shoes, hair cuts, etc... that people don't want to live without. In the end, even so a currency might be deflationary, people will still purchase these things. We have simply been taught to throw away cash on junk, spend it until you only have debts. It will definitely be a completely different mind set to live in a deflationary economy, but it may also be a healthier one.