Post
Topic
Board Altcoin Discussion
Re: Devcoin
by
weisoq
on 28/05/2013, 19:05:13 UTC
...I'm saying there should never be 1:1 coin per person on earth because then each person will have to have thousands or millions of coins to distinguish themselves from others as "rich". No economy is going to work when everyone has an equal stash because that isn't capitalism, so some people have to be rich.

In Bitcoin the early adopters will be rich. Early adopters include some of us. In fiat currencies whoever is more politically connected to the central banks and those who already have money are more likely to have money. Bitcoin with it's early adopter premine is still much more fair than the political distribution system we have. At least with Bitcoin anyone could have been an early adopter with some luck
and even if you weren't an early adopter you can still through hard work make yourself very rich as is happening with people who start successful startups.
In terms of your points highlighted above, assuming they're true, please explain then why anyone who doesn't fulfill that lucky category would choose to acquire and use btc as currency? And here I mean btc specifically, not SEAsiaBlockcoin, or US Shipping Industy coin etc.