that is a fallacy, i agree.
but for me (and others...), the central fallacy is in a section-head:
3.7 Current distribution is unfair
oh. that again...
i am not an 'early adopter', having begun my quest for Bitcoin in march. i begrudge nothing to those who saw, believed and risked the earliest. i will take what i earn, happily. i will not steal from those whose vision has proven to be clearer than mine.
So, there's at least two central fallacies in my paper. |-)
I'll get back on the 'unfair' distribution.
EDIT:
http://forum.bitcoin.org/index.php?topic=15657.0