Quote from: X_X_X on April 02, 2019, 10:51:02 PM

Quote from: Branko on March 20, 2019, 07:37:39 AM

Quote from: X_X_X on March 20, 2019, 12:52:29 AM

Quote from: Branko on March 13, 2019, 07:23:00 AM

Quote from: encycrypto on March 12, 2019, 11:50:30 PM

Already won? LOL. They're starting to lose - it was easier to tamper bitcoin blockchain in 2009-2016 than right now, so they're surely losing, but slowly!

Make no mistake, if crypto takes over fiat any time soon, you can bet crypto will be
dispersed among people the same way fiat is...1% will own majority

Exactly. And that is how it's supposed to be in a free society. You can't distribute the wealth of the world equally without violence, and even if you could, you can't save everyone from making bad decisions and becoming poor again. The same way you can't avoid people to be successful and becoming filthy rich again.

It's obvious than a educated 70y man who earned $200k/y during most of his life will be far richer than an uneducated 20y guy. That's inequality? Yes. But it's also right and fair. So, a part of the inequality can be explained simply by the difference of age.

But bitcoin maximalists often tell us how BTC is supposed to do just that, redistribute wealth and get rid of evil banksters...to give power to Roger Ver and Craig Wright? Grin

(guess them 2 are much nicer people than Brad Garlinghouse)

Obviously those people got Bitcoin wrong. They're leftists with good intentions but with a poor understanding of how economics work. The simple idea of equality by redistributing wealth is laughable.

Everyone can go out and buy 50 ASICs, mine BTC and become wealthy, right? Grin