> #13 - Early adopters are unfairly rewarded The first users are rewarded for taking on more risk with their time and money. The capital invested in bitcoin at

> #13 - Early adopters are unfairly rewarded The first users are rewarded for taking on more risk with their time and money. The capital invested in bitcoin at every stage of its life strengthened the community and helped the currency reach subsequent milestones. Argue that early adopters do not deserve to benefit from this is akin to saying that the first investors in a business, or people who buy shares in the IPO (Initial Public Offering) of a company, are rewarded unfairly. The unfairness is in the halvings which reward early miners exponentially more than later miners on top of the large advantage they already enjoyed in having far less competition. The result is a large concentration of wealth on early miners.