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> But it's also designed to work like a pyramid scheme. Most of the Bitcoin that will ever exist is already in the hands of a small group of early adopters. Wh
by tromp 7y ago
> But it's also designed to work like a pyramid scheme. Most of the Bitcoin that will ever exist is already in the hands of a small group of early adopters.
What if Bitcoin were superseded by a cryptocurrency with a linear emission (i.e. a constant block reward)? Would that no longer be a pyramid scheme?
> everyone who owns U.S. Dollars will become poorer.
You mean everyone who owns dollars but no bitcoin.