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.
So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.
What's wrong with that? Neither can everyone have a Porsche. But everyone is free to buy it, they just need to give goods or services in exchange.
The only difference is that Porsche is a consumption asset. If a majority of the people have to do without Porsches, it would be considered acceptable. In the scenario that Bitcoin becomes the de-facto currency of the world, excluding a large part of the world from holding bitcoins (because they are priced out) may be considered unfair.
They wouldn't be excluded, they can get them like everyone else, by selling goods and services in exchange of them.
Those who get in at the fag end of mass adoption will have only a few satoshis, even if they sold goods and services n exchange for them.
Yes, but those satoshis will be worth much more than now. So it's the same.
I dont know maybe they will but that is long term. Most of newcomers want fast so i dont think that they will succeed in this.
The newcomers do not have the belief or patience to buy and hold bitcoins for a long time.
Many newbies believe that the massive rally in end-2013 will be repeated sooner or later.