Post
Topic
Board Bitcoin Discussion
Re: The $1000 Bitcoin, yes it's worth at least that.
by
MoonShadow
on 16/05/2011, 21:43:55 UTC
@"zomg early adopters get too much":

Boo-hoo, person X does not deserve his Bitcoins. Bitcoin initial distribution is by far the best approach I've seen so far. Yes, the makers made the rules so that they can get a neat share in the first month. SO WHAT? I was late too. But do I mind? This is much better than inflation. I rather give absurd amounts of money to someone who was an early supporter of a useful technology than to states who just burn it. Especially if I have to give it once, and the states want to keep the money burning all my life.

Added to that, once those early adopters finally decide to take those profits, then those bitcoins are loose in the system, and no amount of gaming or lobbying is going to give those early adopters their advantages back.  It's a one time advantage, whereas fiat currencies are constantly being screwed with to the benefit of some insider or another.  Hell, even the gold and silver markets are manipulated to some degree.