Quote from: mintymark on February 19, 2013, 09:48:58 AM

Please could you send me my equalcoin now? I feel I have earned it.

There are currently about 7.1 billion equalcoins in existence. You already have an equalcoin. There's just no way to spend it yet, since the equalcoin system
- doesn't yet have a way to publicly track transactions (except maybe through forum thread)
- doesn't yet guard against one person having several accounts

I hereby gift 0.000000001 equalcoin to ronenfe for starting the currency. (Transaction pending. Waiting for confirmation system to be programmed and deployed.)

Quote from: lassdas on February 19, 2013, 09:57:24 AM

Those nerds that started this cryptocurrency got rewarded.
Those that keep the system running, by creating blocks and processing transactions that way, get rewarded.
What's unfair about that?

The level of reward is too high - if you assume that Bitcoin will be THE currency of the future. Sure they would deserve to be paid for their work and awarded for their investment, but the people getting in on the ground floor holding nearly all the coins would be just another case of a ponzi scheme.

This is just based on the assumption that Bitcoin will be what we use in the future. If you instead consider it a niche payment system that nobody should be using as a store of value, then it's no longer a ponzi.

Quote from: lassdas on February 19, 2013, 09:57:24 AM

Why should anyone get anything for doing nothing?

That's essentially what ronenfe asked.