Is Bitcoin Fair? | Bitcointalksearch.org

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: kuusj98 on July 09, 2014, 10:50:37 AM

Nothing is fair as long as there are people.

Why did the Sovjet union exist? Becouse the Communism would give everybody the same, did it work? Obviously not as you may already know...

That might be idealist, but I believe the decentralised aspect of cryptocurrencies could contribute greatly to bring a fair economy.

s.tata

newbie

Activity: 13

Merit: 0

Quote from: Momimaus on July 04, 2014, 10:52:50 AM

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

i think so too, and with most other coins situation worse

kuusj98

hero member

Activity: 812

Merit: 1000

I <3 VW Beetles

Nothing is fair as long as there are people.

Why did the Sovjet union exist? Becouse the Communism would give everybody the same, did it work? Obviously not as you may already know...

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: counter on July 09, 2014, 10:09:02 AM

I agree but the alt coins don't have the same community/ecosystem Bitcoin has. Also it is hard to find a good coin in such a saturated market full of scams, clones and pump & dumps. But I agree with you their is that potential none the less.

Yeah, a lot of research are needed to find a good coin, but spending a few hours visiting a coin's community should be enough to judge if it is legit or if it simply is filled with speculators.

A few coins do have a nice community.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

I agree but the alt coins don't have the same community/ecosystem Bitcoin has. Also it is hard to find a good coin in such a saturated market full of scams, clones and pump & dumps. But I agree with you their is that potential none the less.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: counter on July 09, 2014, 09:31:15 AM

Bitcoin is fair to me because it was for sale to everyone when the price was low. Anybody paying attention had a chance to buy and hold but many didn't take the risk. So to me in that sense it is fair. But not everyone has access to the internet or were aware of it's existance. So it that sense it is not so fair.

The great thing is that, for those who deem that Bitcoin is not fair and yet are still interested in cryptocurrencies, they now have hundreds of them to choose from!

Altcoins are a great asset to the fairness of cryptocurrencies.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Bitcoin is fair to me because it was for sale to everyone when the price was low. Anybody paying attention had a chance to buy and hold but many didn't take the risk. So to me in that sense it is fair. But not everyone has access to the internet or were aware of it's existance. So it that sense it is not so fair.

From Above

hero member

Activity: 700

Merit: 520

Quote from: Benjig on July 04, 2014, 04:46:14 PM

Yes its fair, in fact one of the most fair currencies out there.. or i dont know what are you triying to say with "fair"

wrong its not 'fair', but thats why i love it to be honest.

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
http://www.cryptocoinsnews.com/news/owns-bitcoins-infographic-wealth-distribution/2014/03/21

It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million, which also helps create an unequal distribution of wealth. Interestingly, the FBI had the second largest known stash of bitcoins, a whopping 174,000 BTC from the Silk Road seizure.

BITCOIN is the best. Keep the rich rich and let dem Average Joe slaves hype up my riches.

~CfA~

Benjig

sr. member

Activity: 462

Merit: 250

Yes its fair, in fact one of the most fair currencies out there.. or i dont know what are you triying to say with "fair"

LeChatNoir

hero member

Activity: 699

Merit: 501

Coinpanion.io - Copy Successful Crypto Traders

It is not fairer then LTC, PPC, DOGE, DRK, NXT, Facebook, Twitter etc. etc. etc.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

kids today.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: El Dude on July 04, 2014, 11:09:04 AM

Quote from: cozk on July 04, 2014, 10:59:13 AM

Quote from: Momimaus on July 04, 2014, 10:52:50 AM

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

Oh boy here we go again.

Not its not fair ''insert shitcoin'' is a lot better.

It's always like that here

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: ARGpentem on July 04, 2014, 07:57:58 AM

Quote from: From Above on July 04, 2014, 06:44:04 AM

do u think Bitcoin culd be called fair?
~CfA~

obviously

obviously not - better definition is "flawed" if you want to contest "flawed on purpose" then that's up to you

but it's not a scam, there is not real Po$ or (Proof of Scam) or more specifically it wasn't designed as a "trust us" type system.

Brewins

legendary

Activity: 1120

Merit: 1000

Its more fair than their fiat/gold/etc counterparts. For me is enough

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: From Above on July 04, 2014, 06:44:04 AM

do u think Bitcoin culd be called fair?
~CfA~

this is a stupid question so I'll give you a stupid two-part answer:

1. Bitcoin is fair as it's a decentralized and trustless currency so it's as fair as can be.
2. The market is unfair to new commers.

Malin Keshar

hero member

Activity: 616

Merit: 500

Why put this in alternate cryptos discussion, not in the bitcoin discussion?

For me there is no thing like "fair", absolutely speaking, only more fair and less fair. That being said, bitcoin is the most fair currency than all others before it, in the sense no central authority can screw it(hyperinflation, money confiscation, and stuff like that), anyone can get it without strong regulations like gold, silver and stocks have, you have some privacy with more transparency too, and you can decide whether you want trust a 3th part to store your money, or if you want take full responsibility to your savings

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

Quote from: El Dude on July 04, 2014, 11:09:04 AM

Quote from: cozk on July 04, 2014, 10:59:13 AM

Quote from: Momimaus on July 04, 2014, 10:52:50 AM

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

Oh boy here we go again.

Not its not fair ''insert shitcoin'' is a lot better.

It's always like that here

No it´s always like, buy my shitcoin, cause I can mine it profitable at the moment.
So POW just fucking die.

I don´t care if it´s NXT, NEM, Qora or another good coin. But POW has to die.

El Dude

hero member

Activity: 770

Merit: 500

Quote from: cozk on July 04, 2014, 10:59:13 AM

Quote from: Momimaus on July 04, 2014, 10:52:50 AM

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

Oh boy here we go again.

Not its not fair ''insert shitcoin'' is a lot better.

It's always like that here

cozk

hero member

Activity: 812

Merit: 500

Quote from: Momimaus on July 04, 2014, 10:52:50 AM

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

Oh boy here we go again.

Not its not fair ''insert shitcoin'' is a lot better.

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

no it is not.

worst distribution of all coins. Like most of minable coins.

That´s why we need a good POS coin. Maybe it will be NEM.

Topic: Is Bitcoin Fair? (Read 1648 times)