Post
Topic
Board Beginners & Help
Re: Wouldn't it be more fair if the bitcoins were shared equally?
by
Timo Y
on 20/02/2013, 16:58:52 UTC
between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.

Between all the people on Earth?

Who would administer such a bureaucratic nightmare? Who would pay for it? How would you prevent fraud and corruption (eg. people creating multiple identities in order to claim multiple shares)? How would you achieve this without a central authority? How would deliver the bitcoins to the 1.4 Billion people on Earth who don't have electricity, let alone an internet connection?

Even if this mammoth project was ever achieved, the "equal" distribution wouldn't last long.  

A similar idea has been attempted after the fall of the Soviet Union.  It terms of achieving a sustained equality, it failed miserably.  See:
http://en.wikipedia.org/wiki/Privatization_in_Russia

The aim of bitcoin isn't "fairness", the aim is a resilient decentralized payment system. Whoever contributes to security gets rewarded, simple as that.