Post
Topic
Board Speculation
Re: Bitcoin Needs Something New and Exciting
by
bezzeb
on 06/07/2013, 11:02:39 UTC
Yup, this is totally true.

Bitcoin gives allows early adopters to get a head start and have more money at the start.

The existing system allows those born into the right family to not only get a head start and have more money at the start, but also funnel more money to the top for doing absolutely nothing.

Good point.  Who would you rather see gain rapid wealth?  A few random people from all walks of life who saw potential in a new and exciting technology?   Or a few guys who were skillful enough to be born in an ivy league family which yielded a shot at becoming a banking executive?

Another point, (last one i promise :-) you and i cannot participate in the revolving door between high finance, government office and private contracting.  This is the real evil that allows the regulated to suddenly become regulators.  Such bull sh@t needs to end.  No better way than to over the long term marginalize this entire corrupt sector of human activity.