@Rassah
> Mom, imagine your Bitcoin wallet is a stack of envelopes ...
Ok, yours was even funnier than mine.
> Regarding #3, personally, I think a few people with an ENORMOUS amount of money invested in a project have an ENORMOUS incentive to see the project succeed,
That's true, as long as they live long and prosper, and don't turn to the dark side
>In other words, had bitcoin started the way you suggested, we'd still have a few nerds with a little bit of cash
Or we'd have many with a little bit of cash. Bitcoin is attracting miners even at this extreme difficulty.
But it's not about mining, it's about commerce.
Having a handful of people that control a significant percentage of the entire money supply is not good.
I am not saying they shouldn't have made some money, but they sure took advantage of the position, and you can't blame them, but it didn't have to be that way and it's something the bitcoin economy will have to deal with, and it's not a selling point to the average joe.
>As for #4, Bitcoin is doing just fine on Android, and that OS has more users than iPhone, so even if Apple never allows any Bitcoin apps, it'll only hurt them (more) in the end.
I just used iPhone as a term to refer to people who can't or don't want to deal with anything technical not just those specific users.
Like the first MAC having only one button on the mouse. Two buttons were deemed too confusing.
> Mom, imagine your Bitcoin wallet is a stack of envelopes ...
Ok, yours was even funnier than mine.
> Regarding #3, personally, I think a few people with an ENORMOUS amount of money invested in a project have an ENORMOUS incentive to see the project succeed,
That's true, as long as they live long and prosper, and don't turn to the dark side
>In other words, had bitcoin started the way you suggested, we'd still have a few nerds with a little bit of cash
Or we'd have many with a little bit of cash. Bitcoin is attracting miners even at this extreme difficulty.
But it's not about mining, it's about commerce.
Having a handful of people that control a significant percentage of the entire money supply is not good.
I am not saying they shouldn't have made some money, but they sure took advantage of the position, and you can't blame them, but it didn't have to be that way and it's something the bitcoin economy will have to deal with, and it's not a selling point to the average joe.
>As for #4, Bitcoin is doing just fine on Android, and that OS has more users than iPhone, so even if Apple never allows any Bitcoin apps, it'll only hurt them (more) in the end.
I just used iPhone as a term to refer to people who can't or don't want to deal with anything technical not just those specific users.
Like the first MAC having only one button on the mouse. Two buttons were deemed too confusing.