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Because the protocol is software and only dictates rules inside its sphere of influence. It's a good rule that owning lots of coins does not automatically give
by fleddr 5y ago
Because the protocol is software and only dictates rules inside its sphere of influence. It's a good rule that owning lots of coins does not automatically give you even more coins.
- lisper 5y agoThat rule does you no good if the net effect of the interplay of the rules with the rest of reality is that having more coins gives you more coins. This will be the case as long as coins can be used to purchase the means of production.
- fleddr 5y agoHaving more coins as in Bitcoin does not give you more Bitcoin, but you're obviously right it buys more non-Bitcoin goods and services. Bitcoin's premise is scarcity and software-enforced rules that are equal to all. It isn't going to "fairly" distribute existing capital, that should go without saying.