Post
Topic
Board Speculation
Re: Do you deserve a $2,000 bitcoin?
by
Ibian
on 19/09/2014, 20:36:24 UTC
Bitcoin was created to fight this mentality of the top 1%.

'Satoshi Nakamoto' has been silent for years on the topic.  Chances are he / she / they are a bit disgusted with what has happened to bitcoin during that time.  If, as alleged, bitcoin was created to fight the 1%, it has just been replaced with a new 1%.  Most bitcoins are concentrated in very few hands.  They got those bitcoins when a CPU could make a few per week and the cost was cents per bitcoin.  Now the new 1% look upon the rest of the population who must spend $1k on a miner that will over its entire lifetime produce maybe 0.5 bitcoins.
Satoshi is not an idiot. There will always be a 1%. Bitcoin is designed to be a store of value, currency, and means of transfer. Not to fight human nature.