Topic: The early-adoptor unfairness - page 5. (Read 10231 times)

I’m feeling the same way now. 2.x Dollar Bitcoins are a joke in relation to what has been achieved, and how mature the project is now. Anyone who didn’t buy there and doesn’t buy here despite all media attention we had and are still having cannot complain about putting down the opportunity to become an "early adopter".

But what about the people who bought when the price was way higher than it is now? They absolutely got raped by the fact that the coins were poorly distributed.

My answer is always just like yours. Either Bitcoin is going to make it big or it's not. If it's not, then why care about early-adopter unfairness? If it is, then if you're not an early-adopter, it's purely by your own choice.

http://bitcoin.stackexchange.com/a/2112/85

I once complained regularly about early adopter unfairness, but now that prices have touched all the way down to $2 and stayed there long enough to be well within reach of anyone with vision, I don't think the complaint has merit anymore.

Bitcoin is either going to be really big or really not.  If it's going to be really big, then being able to get your fill on them at $2 or $3 or $4 is a fucking deal.

A four-dollar Bitcoin is like suggesting that all the Bitcoins in the world are worth $32 million dollars.... in other words, Bitcoin is less significant to the world than the value of the houses on one street in an upscale neighborhood in my city.  There are single yachts and private luxury aircraft valued at more than that.  There are dilapidated skyscrapers worth more than that, scheduled for implosion.  If I google "Britney Spears net worth", I see a figure of $155 million, so right now, the world values Britney Spears five times more than Bitcoin... today now that she is known as psychotic, not years ago when she was actually producing albums regularly.

I am not here because I think Bitcoin is a neat little gimmick.  I am here because I think it has world-changing properties once the chasm of the knowledge of how it works is finally crossed by the world.  It took the world a decade to warm up to e-mail and text messaging, and now it doesn't know what it would do without these.  The world doesn't have to know about the block chain and hashes and crap, all they need to know is it's the new way to do cash deals without being in person to exchange cash, and how to deal in bitcoin safely.  If and when that point gets reached, $32 million dollars is, as one article put it, going to seem downright puny.

The time to be an early adopter is today and it's open to everybody.  Thank the world for dumping Bitcoin in the last half of 2011 to give the rest of you a fair shake.  Buy now.

how unfair that i wasn't born in Columbus time !! i would have done much better job of discovering Americas!

We have all seen numerous claims how it's unfair to the rest of us. The latest being a post from caston.

I know many have argued back that it's not that unfair. Early adopters deserve it for a reason, for taking a risk, etc.

One point no one ever seems to bring up is: it's not like the rest of the world completely missed out. It's not as if BTC is the only store of value in existence. BTC is just one store of value. The rest of the world has reserves many times over.

A far fairer complaint would be from a Nigerian about being born in the wrong continent.

So, assuming you discount that demographic, the typical btc-hoarder probably has far fewer total resources than the "poor" folks who "missed out."

My point being that this whole complaint is meaningless.

If I create two finely-crafted wooden chairs, then I am the only person possessing these chairs. How unfair!  NOT.  (1) The chairs are still worth at most a few hundred dollars. The poor "late adopters" who missed out still own many times that amount in many other forms, don' t they? (2) How is it unfair for me to possess them anyway. I created them afterall, didn't I?

Anyhow, my point was that it is point (1) seems to always get ignored, as if BTC were the only store of value in the world.