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> accessible to everyone and equitable for everyone. no one has an advantage That could have been true if Bitcoin had a never changing block reward. The miners
by tromp 4y ago
> accessible to everyone and equitable for everyone. no one has an advantage
That could have been true if Bitcoin had a never changing block reward. The miners in the first 4 years (including Satoshi himself) had a huge advantage.
- taolegal 4y ago> had a huge advantage anyone could have decided to buy bitcoin when it was cheap. the advantage of bitcoin is that your enemies have to expend prohibitive amounts of energy to screw anyone over, and that protection is accessible to everyone
- tromp 4y ago> anyone could have decided to buy bitcoin when it was cheap Wrong; the vast majority of people were unaware of bitcoin, and how its emission worked, in the first 4 years when half of all bitcoin was emitted and it was still relatively cheap.
- taolegal 4y agoyou're still not explaining how people are unable to get it at any point in its history
- thunky 4y agogold is accessible to everyone too