4 ms·

Problem with bitcoin is there's no way to redistribute wealth. How about giving inactive bitcoins to new people? Is it possible? Can you really access the bitc

Problem with bitcoin is there's no way to redistribute wealth. How about giving inactive bitcoins to new people? Is it possible? Can you really access the bitcoins that were created at the beginning without updating your bitcoins to latest standards. How do you even update your bitcoin?

drcode 6y ago
Yes theft becomes more difficult, but I'm sure governments will still figure out ways to steal.
CryptoBanker 6y ago
Could you access your money in the bank if you refused to update their app? Or if you refused to use technology more modern than a carrier pigeon? Or what if you refused to update your drivers license?
- sdenton4 6y ago
  And more importantly, how could any modern person get through life without a laser disc player? Or Google glass? Or Foursquare check-ins? Which is to say: Your examples have a strong stink of survival bias. There are endless examples of technologies which failed, even where proponents were being heavily that they would be world changing.
- lottin 6y ago
  Yes. Why?
leesalminen 6y ago
> there's no way to redistribute wealth. There are those who would call that a feature, not a bug.
- 8fGTBjZxBcHq 6y ago
  For the people who look around at the current world and think "ah yes, the problem is too much wealth redistribution?"
  - WanderPanda 6y ago
    Proudly presented by: The mainstream media
  - zepto 6y ago
    I think a lot of people think that what gets called corporate welfare is in fact too much wealth distribution.
lottin 6y ago
Actually Bitcoin is all about wealth redistribution. It is not possible to make money with Bitcoin unless it is at the expense of somebody else. And the fact that some people are making money with it indicates such redistribution is taking place.
- tromp 6y ago
  Bitcoin is not the best wealth distributor since only an exponentially small fraction 2^-n of all bitcoin is emitted after 4*n years.

drcode 6y ago

Yes theft becomes more difficult, but I'm sure governments will still figure out ways to steal.

CryptoBanker 6y ago

Could you access your money in the bank if you refused to update their app? Or if you refused to use technology more modern than a carrier pigeon? Or what if you refused to update your drivers license?

sdenton4 6y ago
And more importantly, how could any modern person get through life without a laser disc player? Or Google glass? Or Foursquare check-ins? Which is to say: Your examples have a strong stink of survival bias. There are endless examples of technologies which failed, even where proponents were being heavily that they would be world changing.
lottin 6y ago
Yes. Why?

leesalminen 6y ago

> there's no way to redistribute wealth. There are those who would call that a feature, not a bug.

8fGTBjZxBcHq 6y ago
For the people who look around at the current world and think "ah yes, the problem is too much wealth redistribution?"
- WanderPanda 6y ago
  Proudly presented by: The mainstream media
- zepto 6y ago
  I think a lot of people think that what gets called corporate welfare is in fact too much wealth distribution.

lottin 6y ago

Actually Bitcoin is all about wealth redistribution. It is not possible to make money with Bitcoin unless it is at the expense of somebody else. And the fact that some people are making money with it indicates such redistribution is taking place.

tromp 6y ago
Bitcoin is not the best wealth distributor since only an exponentially small fraction 2^-n of all bitcoin is emitted after 4*n years.