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.
as an economist you should look in all aspect of every topic you wanna engaged for fairness of it all,but it seems like ALL ISSUES YOUR TRYING TO TACKLE IS NEGATIVITY OF THIS COMMUNITY SPECIALLY BITCOIN,are you really an economist?or another one that wanted to create panic?why it seems that you never mentioned even a single positive things in regards cryptocurrency,if you are really concern about the what you called "first time buyer"you must show concern too in those old time buyers.