Quote from: krishnapramod on September 19, 2017, 09:10:59 AM

Quote from: r1973 on September 19, 2017, 08:12:21 AM

Is the noble bitcoin selfish in wealth distribution ?

The generations of 2009-2012 owns most the bitcoin wealth, to be followed by 2013-2017 generation... what would the 2021, 2040 and 2074 generations think of us?

It is not about unfair/selfish, it is about adoption. A new technology/innovation has five types of adopters, innovators, early adopters, early majority, late majority, and laggards. You take any scenario, be it new tech assets, startups, emerging markets and corporate products, the innovators and early adopters have a substantial advantage because they were quick enough to understand the potential behind it and took a major risk by adopting an unproven technology/innovation.

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Some early adopters have large numbers of bitcoins because they took risks and invested time and resources in an unproven technology that was hardly used by anyone and that was much harder to secure properly. Many early adopters spent large numbers of bitcoins quite a few times before they became valuable or bought only small amounts and didn't make huge gains. There is no guarantee that the price of a bitcoin will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through. Bitcoin is still in its infancy, and it has been designed with a very long-term view; it is hard to imagine how it could be less biased towards early adopters, and today's users may or may not be the early adopters of tomorrow.

Bitcoin is divisible up to 8 decimal units, it can be further changed if need arises. The last Bitcoin would be mined around 2140, still enough room for everyone to adopt.

https://bitcoin.org/en/faq#doesnt-bitcoin-unfairly-benefit-early-adopters

https://en.m.wikipedia.org/wiki/Technology_adoption_life_cycle

thanks