457 sats \ 2 replies \ @elvismercury 22 Feb \ parent \ on: Free Advertising Or Desperation ? bitcoin
Under-rated point. The existing distribution of resources is unfair by virtually any definition of 'fairness' aside from might makes right. Given that fiat wealth allows you to purchase btc wealth, it stands that the resultant btc distribution will also be unfair by that same standard.
I believe it was @Undisciplined who responded to this critique with (paraphrasing): yes, but after the initial distribution, subsequent btc exchange will trend increasingly toward fairness, as sound money asserts itself. That's where I've come to rest on the matter, personally.
Exactly this. With bitcoin you won't get more bitcoin just because you have a lot. There is no yield. You have to continue to create value to get more, and in this stage as price increases some will sell, and redistribute, bitcoin volatility also helps redistribution.
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I don't recall saying that, but it is what I believe, so I'm willing to accept credit.
I also agree with the point about how it's more fair, for the time being, because anyone can get in early. In the same way that entrepreneurial profits are fair, if you have the vision to get in early (and things break our way), then you earned it by taking on the early risk.
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