Hi. For the longest time I ignored Bitcoin and it wasn't until a week before the "crash" (2 weeks ago) that I began researching it after seeing the BTC prices soar. I've since installed the client and tried mining. I've been thinking about Bitcoin a lot recently and found some fundamental issues that I would like your opinions on.

I've learned that BTC is generated whenever a new block is found on the blockchain. The BTC is given to the finder or a mining pool which then splits the amount between the miners.

In a capitalist economy (most of the world) however, money is created by central banks and those banks are regulated (well, to some degree) and we put our trust into those banks to control the creation of money to adjust to the economy.

How can Bitcoin ever be a viable economy when the BTC created is going unregulated to individuals and most of it to early adopters? I feel that this fact is being brushed off to easily by people.

Also in the next few months, Avalon and Butterfly Labs are going to ship out incredibly powerful Bitcoin ASIC mining hardware to its customers that have 1000% to 10000% mining capacity of GPU miners (more and more specialized chipsets are coming out with extreme hash rates).

This will put GPU miners completely out of the market in under 6 months and all the wealth generated will go to those groups who bought or manufactured the most powerful mining hardware aka the "elite".

I would like to hear your thoughts on this issue and whether or not you think the fundamental concept of BTC (or money in general) generation could have been done differently.