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No, this is not important. Money has no "inner" value. If bitcoins ever will be used, the first miners will be incredibly rich. Maybe it is a bit unfair, but we all need functional cheap money, functional independent market. The premium simply got the visionares, as the states get the value now from printing money. This has not to be socialism. Soon, money mining will vanish, until new energy sources will be invented, thus bit coin will be in other ways energy unit. Unit of Watt/horsepower/Joule. Money has to be energy, that is ok and it was written in cyberpunk literature years ago.
Well the early adopters getting ritch is an algorithm flaw made on purpose (more likely) or because somebody did not anticipate something happening.
Only popular majority systems has the power, like torrents, for example. Bitcoin (how it evolves today) seems like minority illegal money system to me.
Also in my country government can make a law that trading illegal money is illegal, so no trader will be able to accept bitcoins, and no customer pay in bitcoins. The system will be more underground money system, and that no revolution in money as it would be if majority of people would use it.
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Money has to be energy, that is ok
What energy has to do with illegal money? for example you can use illegal money to buy procesing power and again have illegal money? Last time I checked processing power is not free.
The thing is in todays world the most ritch people are the most corrupt, so why make the same mistake twice?
Even now nobody owns 90% of all money? However with bitcoin early adopters will hold that money and will be able to crash the market or currency anytime.
Nobody wants a currency where one day you can buy a water bottle for 0.1BTC the next a trailer full of water bottles and a week later you can't buy anything.
Good economy, hence money system is with big middle class, now how hard would it be to make easy wbiew mode on block explorer to show exactly that? let's see how healthy bitcoin is?
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No, this is not important. Money has no "inner" value.
Money must have inner value, hard to find needed stuff has inner value because of these properties. When these properties vanish money system is replaced.
First money system was salt because nobody can live without salt. It was not Gold or barter trade like they want you to believe. Read some history.
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The premium simply got the visionares, as the states get the value now from printing money.
The value should arise from something we are all equal to, like time. We all die as far as I know. So the only economically just system would be something like they done with emule P2P system. take a look how queue system works there. You have to wait to download but the more you share the faster you yourself can download.
So for money system one could make something like it also. The longer you police the network then more coins you get. processing power aside, the algorithm would work in a way that even if somebody steps in with huge processing power there would not be a way to overthrow the system because of the "longer you wait" - "more power" system.
Coins will end, but in my system anybody can grow their potential after coins end (by mining as you call it). On bitcoin system there will be huge decline in miners when coins end because normal users will not police the system, and given the enormous computer power increase every year it will be very easy to overthrow bitcoin when coins end.
The majority of population will have the processing power to do it, as we now have to create it. That is no secure or any good money system if you ask me.
Remember the minority will be rich with bitcoin so they will not be able to police the system, also users like us will always going th create more ideal money system
One thing I'd like to note is that there is always a need for motivation. So transaction cost should not vanish in any money system as a whole. Given the enormous computer power increase every year the cost could be simply time you wait for your transaction to be done. If you don't want to wait you must pay some percent from your whole transaction.
I didn't look at bitcoin code yet but in self sustaining money system everything needs to be thought ahead in time, everything must be done with self adjusting arguments and constants. There can't be no hardcoded simple values like with bitcoin. The algorithms should adjust themselves to outside influence, hence the problem making them. They would be very complex because every argument needs to be thought ahead in time what it does, when and how.