4 ms·
Why should they be invalidated? Why shouldn't the inventor of something useful benefit from the invention?
by eigenvalue 13y ago
Why should they be invalidated? Why shouldn't the inventor of something useful benefit from the invention?
- Perseids 13y agoHe/She/They should, but having 4% of the total amount of a currency in the hand of one completely unknown person / organization is quite a threat to its stability. Also I would see a reward of one billion dollar as pretty excessive. And that is only the worth at the current market value.
- chockablock 13y agoStrong parallels here to the case of equity in a new business. It wasn't worth $1B when they did the work, and the likelihood that it would ever be worth a significant amount was low enough that the reward would have to be high to be a useful incentive. In addition, everyone who bought in over the years implicitly accepted this deal. I'm sure if the inventor had claimed 50% of the total currency pool, there would have been less interest.
- dkural 13y agoExcessive based on what metric? Inventing the worlds first successful peer-to-peer crypto-currency? Zuck @ Facebook, and other startups (Square etc.) made their founders far richer. Do you realize how hard it is to build trust in a currency even if you are a government?
- cma 13y agoWhy shouldn't the guy who comes up with the first Satoshi-invalidation scheme that takes traction not be given half the loot for the effort?