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A cynic like me thinks that's part of the point of bitcoin. Make it easy at the start to encourage adopters ("mine now and you'll have a big piece of the pie"),
by rmc 13y ago
A cynic like me thinks that's part of the point of bitcoin. Make it easy at the start to encourage adopters ("mine now and you'll have a big piece of the pie"), and later adopters will pay you back when it gets popular.
- brador 13y agoMLM 101. The top of the pyramid make the big money, everyone else gets played.
- broolstoryco 13y agoThen every successful startup out there is an MLM scheme.
- untog 13y agoThe problem is that you also need to ensure that it isn't easily replaceable. Which bitcoin is.
- dllthomas 13y agoMake access to the chain important for other reasons, and it stops being replaceable.
- timdiggerm 13y agoRight, but that only encourages hoarding.
- steveklabnik 13y agoSatoshi controls about 14% of all BTC, and 7% of all BTC that will ever exist.
- Smegger 13y agoyou assume that his did not end up in the bit bucket. The problem is if Satoshi ever makes a transaction people will freak over what it mean and think he is cashing out or some bull it will be years before he can use them without it inducing a panic.