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More than the early adopters, I am more worried about the unfair advantage that the creators of Bitcoin enjoy. IIRC, just one individual already owns ~25% of al
by hrjet 13y ago
More than the early adopters, I am more worried about the unfair advantage that the creators of Bitcoin enjoy. IIRC, just one individual already owns ~25% of all bitcoins that will ever be mined!
- dingaling 13y agoEven the creators are at the mercy of the mining collectives, though. Once the Bitcoin generation rate falls to a level where the miners' primary incentive is transaction fees I expect we'll see an aggregation around a handful of big collectives, which will be the Bitcoin equivalent of Visa and Mastercard. And what will they say? Want your transaction processed? No matter if you're Satoshi himself, pay the fee.