Post
Topic
Board Bitcoin Discussion
Re: Bitcoin became valuable because it's failed at fair distribution?
by
buwaytress
on 29/07/2019, 14:08:28 UTC
I know your view is unpopular, and as a Bitcoin person myself, I agree with you, that it's really difficult to genuinely think of Bitcoin as having succeeded as a fair distribution coin. I think it's more accurate to say that it is the one with the least unfair distribution -- but this is not at all a disservice or an undermining of Bitcoin. I think accepting that at least at the beginning, it would have been impossible to ensure "fair" distribution when it was literally a handful of nodes mining it. I believe Satoshi left all that stash untouched partly because he/they understood that.

By design, any distribution of tech over the internet also excludes more than half of the world (and ten years ago, I think even 2/3rd of the world). Arguably, the precise population that would have needed this fair distribution the most.

But Bitcoin was a great start nevertheless, and there are a lot of people who helped distribute it onwards... and as the whales slowly relinquish their supplies, we will see things becoming fairer.