Post
Topic
Board Economics
Re: bitcoin for everyone
by
jaberwock
on 12/05/2021, 18:20:19 UTC
all we need is a mechanism of equal distribution/
Bitcoin is money. Money is something you receive for goods or services. Why would one give for free the hard-earned money? Just because that money is called Bitcoin?!
Valid point and especially now since it is being accepted and traded among various exchanges, it doesn't make sense to distribute free coins. It might have been a great idea to distribute equal coins when the value of Bitcoins was almost non-existent and from then on we could have repped profits based on how long we can hold.

But all these things are imaginary and we had faucets back in the day if anyone wanted free coins, it is just because Bitcoin is so highly valued now that everyone wants it now.

People often think of Bitcoins as a charity thing but actually, it is more an asset than a currency or charity thing. You just need to buy an asset and hold it for the right time to sell. No one is going to give you free money.