Post
Topic
Board Bitcoin Discussion
Re: Bitcoin became valuable because it's failed at fair distribution?
by
simpleIPaddress
on 29/07/2019, 15:47:32 UTC
some may suggest Satoshi alone mine nearly 1m of the coins, but that’s not the same with USD, can I just say it, the FED can simply print 99.9% of the overall circulating USD, and I simply can’t call that fair, and it has no doubt absurd than simply owning 1m out of 21m total supply.
Satoshi published the white paper well before releasing the first bitcoin software and no one stopped anyone from being the initial miner and anyone who was capable of mining the coins with their basic laptop could have made tens of thousands of coins and it is a fair system from the beginning. Bitcoin is valuable simply because it is the first decentralized currency.

But nobody heard of or understood Bitcoin then. The result was
I think the likeliest scenario is that hundreds of people downloaded and ran the client then, got a bunch of blocks that were at the time useless because they were valueless, then deleted their client.

Satoshi did not expect that but then he could/can do something for the better distribution of the 'shalecoins'.
It would be better for Bitcoin.