Post
Topic
Board Economics
Re: Bitcoin as a socially fair currency
by
Rassah
on 22/08/2014, 06:55:43 UTC
Of the world's over 7 billion people, how many can today afford or even practically buy bitcoins? Not many percentage wise. And someone said that 70% of the U.S. population today don't even know what bitcoin is.

So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.

As someone else (I don't remember who) said, the 20th century (1900's) was defined by the rule of people who bought and hoarded oil - basically oil barons with the resulting Exxons, BPs, and related subsidies, extortions, and wars for oil. The 21st century may be largely defined by the rule of people who bought and helped launch Bitcoin - basically libertarian computer nerds. We shall see who creates a better outcome for the world. Personally, I think computer nerds are nicer/safer, although