Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
Just under a thousand at the moment, I have had more but have been steadily giving them away to what I deem good causes. I will ultimately give away my entire holding as my interest in Bitcoin was never to make money for doing nothing of value, and it is clear Bitcoin is now infested with speculators and the wider purpose seems to have been lost.
Send some my way please! I have almost none as I was not fortunate enough to be able to pay for expensive mining equipment and don't have enough wealth to buy my way in. You will be distributing them in a more fair manner this way. Share the wealth my friend. Very much appreciated!
1AXEPvEz1zQYcqoeeeimu2hMH1FNACZ8pZ
Revans, I'm still waiting for my coins here!
In what sense do you qualify as a good cause?
This:
I was not fortunate enough to be able to pay for expensive mining equipment and don't have enough wealth to buy my way in.
Exactly the problem you created this thread to fix.
No, having more people throw more computational power at pointless calculations is the root problem, not something to which I wish to contribute.
Well the way I understood your original post was that miners were essentially a cabal, and that you found the method of distributing coins unfair because a few early miners got to easily generate a stockpile, which would make them ridiculously rich in the future.
Now the way I see it, is that you, as an early adopter have been able to buy in fairly cheaply, which isn't unlike a miner who started mining three years ago. Myself or potential future participants weren't so lucky. We either didn't have the capital to invest early or perhaps didn't even have access to the internet. I view yourself as having an unfair advantage due to your circumstances and if you have 1000 coins you'll likely be quite wealthy in the future because of that.
What qualifies me as a good cause is that I was less fortunate than yourself or the early miners and by sending me a few coins you'd be lessening the inequality in distribution that you were concerned about.