Post
Topic
Board Economics
Re: Economics of greed
by
qfdev
on 22/01/2014, 12:06:11 UTC
I'm sure many others would share your sentiments. The early adopters have been handsomely rewarded for speculating in a technology with very uncertain outcomes, I think it's fair they are rewarded...it's pretty much the basis of any free market economy. I know many Bitcoin critics secretly resent these early adopters and many form opinions before taking the time to understand Bitcoin and the utility it can provide beyond a speculative commodity. Personally I don't care! I can see the unbelievable potential in Bitcoin not as a commodity but as a means of exchanging value. You're right Bitcoin needs to be an economy in itself, but we're seeing this on a daily basis with businesses accepting Bitcoin all over the world! It's happening, and it's happening fast!!