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You don't care who owns all the gold by which was all the currency once backed.. why would you care who generated bitcoins? This might be a very sloppy comparis
by rplnt 14y ago
You don't care who owns all the gold by which was all the currency once backed.. why would you care who generated bitcoins? This might be a very sloppy comparison since I have no idea how gold-currency worked, but my point stands. Bitcoin shouldn't be about mining, it's about exchange (for goods and services, not dollars). It really doesn't matter from your perspective how the coins were once mined. You just acquire them (as you acquire money now) and spend them. That's all. Yes, there are and will be people who made fortunes out of this scheme. But that should not affect you.
- Nursie 14y agoDepends really. If they're getting fat off my economic output then that bothers me. If, by my participation in the BTC economy, my economic activity fuels a rise in the price of the coin, then the early adopters are effectively profiting from my actions. This bothers me.
- lmm 14y ago>You don't care who owns all the gold by which was all the currency once backed.. why would you care who generated bitcoins? This might be a very sloppy comparison since I have no idea how gold-currency worked, but my point stands Actually, the need for an alternative currency to silver was a significant driving force in my country's history (it resulted in us creating a modern banking system ahead of many of our contemporaries, the effects of which are still visible today) - and this need existed primarily because so much silver was controlled by Spain, our enemy. >Yes, there are and will be people who made fortunes out of this scheme. But that should not affect you. Maybe it shouldn't. But as a human with a sense of fairness, I object to creating immense fortunes for those who did a relatively small amount of programming, or simply got lucky.