As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.
Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.
Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?
I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.
What do you think?
Thank you.
Well, I would say that it's not the question of fairness because everyone has their chance to invest early on in cryptocurrency when it started. However, every person has their reason as to why they didn't try it early. For me, it's because I didn't believe at it on the first time, and I honestly though that it was as scheme and that it was not going to prosper, it was my choice then, same as for those people who chose to go for it as a leap of faith.