Post
Topic
Board Speculation
Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
by
Coincrazy
on 14/04/2013, 03:01:44 UTC
The problem with the current system (not Bitcoin) is that we have different rules for different players according to family. Bitcoin actually helps solve this problem but introduces the early adopter issue, but I think having early adopters is better than family currency.
How does Bitcoin solve this, though? If your early-adoptorship gives you more money than you will reasonably spend on yourself in your lifetime, then your children inherit it - they gain the initial advantage according to family.

Seems to me that the initial redistribution of a new economic system doesn't change anything about dynasties in the long run. That's a human problem, not a protocol problem.

Well said about amazing riches, lifetime and inheritance.

Just add the following to what you said
".......Seems to me that the initial redistribution of a new economic system doesn't change anything about dynasties in the long run. That's a human problem, not a protocol problem...." AND the initial distribution graph was kept absolutely steep at the start and soon after start so that the early on guys old be really really mega rich in the process. So the graph was built that way on purpose and not by any accident ....

If you add that  you will come closer to revans original point !!! Probably look almost similar