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>It's not a question of chance, it was simply a matter of running some software, and being there first. And yet many people were still not there, because you h
by throwaway82652 5y ago
>It's not a question of chance, it was simply a matter of running some software, and being there first.
And yet many people were still not there, because you have to be a super nerd to even care about this stuff to begin with, never mind go through the bother of:
- Figuring out what "mining" actually is and why you should care
- Correctly running some random unproven open source code to do it
- Manage the wallet and figure out how to actually trade with somebody else
- Follow all the other super nerds who are doing this to make sure you're not doing it wrong
It goes on and on here, none of this stuff is obvious to people who weren't already familiar with what was going on here and had enough obscure cryptography knowledge to understand what anybody was even talking about. And it's still not obvious, most people "investing" in crypto still have no idea about any of this stuff. I'm not particularly interested in commenting on the founder's intent because it doesn't matter much here. The outcome is still going to be the same.
>I wonder how bitcoin would have fared had it not been released with the deflationary logic built in. I suspect it would have been pretty similar.
Well yes, because basically every other cryptocurrency including ETH still favors the HODLers for a lot of other reasons.