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> So where does the billionaire-level wealth of early adopters come from? It comes from late adopters. That's an interesting thought experiment. Suppose we con
by MockObject 6y ago
> So where does the billionaire-level wealth of early adopters come from? It comes from late adopters.
That's an interesting thought experiment. Suppose we convert to a bitcoin economy today. My bank account gets converted over, and my next paycheck will be in bitcoin. Did I lose any money today?
- walterbell 6y agoIf you are bidding for goods and services against an early bitcoin holder, yes.