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This is what I have never understood about Bitcoin and its advocates (who I guess are just fanboys or early adopters holding bitcoins). I mean it's just like sh
by balladeer 11y ago
This is what I have never understood about Bitcoin and its advocates (who I guess are just fanboys or early adopters holding bitcoins). I mean it's just like shares. Also, it's very skewed. Whoever got in first has got a lot of it with your chance of getting it at later stages not equal, actually extremely unlikely. And no sir, no, it's not the same case with "money" as we use it today. Bitcoin is broken in this sense if we talk of it from a traditional mean of currency point of view. It's just a glorified fad for geeks, fans, and early adopters.
- cb18 11y agoBitcoin and its advocates (who I guess are just [...] early adopters holding bitcoins). Exactly. This is the fatal flaw of bitcoin, the distribution model.
- winthrowe 11y agoWhat's your alternative distribution model? How do you propose to bootstrap an independent value store unattached to existing national currencies? It seems that bitcoin mirrors that quote about democracy in that way, "the worst form except the others that have been tried."