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.
Of course it is not fair because those people who buy bitcoins before of course have gain a lot of money today because the price of the bitcoins before compared to now is way too far. The bitcoins worth almost centavos when they first come to the world but not look at their price they are still increasing. But if you are a new comer dont lose hope you can still gain more the most important is the opportunity