Topic: Yes or No? Doesn't Bitcoin unfairly benefit early adopters? (Read 3981 times)
Not really. We can't blame those investors who invest early for they don't care to take the risk of investing a technology that's still new and turned to be a breakthrough over the next few years. So i would like to ask if are we willing to invest too if we already know about bitcoin when it still below 1$? Or we will just ignore it too like what others who are regretting for dishing out bitcoin?
This is an old thread but I really have to answer this one.
Early adopters, how do you think they have lived with just cents of equivalent per bitcoin?
Damn, I would have surrendered from that and just get a job.
That is some patience and faith with bitcoin. You cannot get that easily.
If you want you could use a time machine and live a life like them and you will see how hard it is.
You don't have to do that, you can relive the experience of the early adopters by just buying a new coin that is just worth a few cents and to try to hold for years for the coin to skyrocket, and even if you think about it that is not going to be the same, at least right now we know that cryptocurrencies are viable, something that early adopters did not know, bitcoin could have disappeared any day for what they knew. Early adopters, how do you think they have lived with just cents of equivalent per bitcoin?
Damn, I would have surrendered from that and just get a job.
That is some patience and faith with bitcoin. You cannot get that easily.
If you want you could use a time machine and live a life like them and you will see how hard it is.
This is an irony, those who adopt bitcoin from the beginning earn little benefit, even the inventor of Mr. bitcoin. Nakamoto does not get any benefit, I think it is fair that the most important is for those who succeed with bitcoin then donate to the inventor of bitcoin.
I don’t really think so that there is certain problem in that because the who adopted bitcoin at time when it was new to this world actually deserve to have greater advantage because he believed at time when no one else was liking and investing his money into bitcoin. This is like the reward which he is getting and that there is no injustice in that. If you would have invested at that time, you would also have the same profit.
No, it is easy to say that it is unfair now because we know how much bitcoins price. Back then would you invest on a technology that has not been proven yet. Also since you do not know nothing about bitcoin there is a possibility its a scam.
Yes they have huge money right now but they are the one who took the risk. Without the early adopters we do not know if bitcoin has survive.
Yes they have huge money right now but they are the one who took the risk. Without the early adopters we do not know if bitcoin has survive.
I think early adopters benefited and some new adapter also benefited especially last year when bitcoin price pump up to all time high of $20000. The new adapter who bought bitcoin at late September 2017,and later sold on December 2017,also benefited .There are also early adapter who invested in long term bases but have not decided to sale,and i think they have not benefited yet. A yes, no,and maybe possibilities in my opinion.
Of course no, when btc value is low, people can buy it I think. It is legal business, why not? It's my opinion.
Bitcoin equally serves everyone who supports it and is investing into it. Those who invested earlier when bitcoin was just new in the market, the stood by out of the crowd, mustered up courage to give a try to this coin. So if now, they are richer than others, which is because of their risk- taking skills and wisdom. They came first to bitcoin for enjoying its miraculous nature, so they deserve to have more than others. Making money with bitcoin is nothing wrong. 
I wouldn't go so far as to say it "unfairly benefits" early adopters, as the very exact same could be said about a person who bought a stock back in the day.
Is it fair to say that anyone who bought Yahoo, Google or Apple stocks many years ago will be unfairly benefited?
Of course not; and the same goes for Bitcoin and any form of crypto currencies.
Is it fair to say that anyone who bought Yahoo, Google or Apple stocks many years ago will be unfairly benefited?
Of course not; and the same goes for Bitcoin and any form of crypto currencies.
Of course no, when btc value is low, people can buy it I think. It is legal business, why not? It's my opinion.
That's all fair. Anyone could have benefited from that. Those people believed in technology and spent their money on it so they kinda helped it evolve and get accepted. Plus, many early adopters lost their bitcoin and a great deal of those who didn't, sold them too early. And it's all fair as well.
The initial emission scheme is part of Bitcoins fatal flaws. It should have been slow when starting out and much faster when POW was higher and usage was way up. Approach it from simple principles, why would the world voluntarily pass off huge amounts of wealth to early adopters? There is nothing in BTC that can't be trivially replicated or improved upon. Only speculators hoping for a bigger sucker will pay them off, and there is a limit to how many new ones appear. If BTC is the worlds currency then some sysadmin who mined a bunch in the early days gets to own California?
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
In my opinion, your opinion is not correct. Bitcoin buyers are early adopters who have the skills to analyze and grasp the market trends. They have bought BTC since the new BTC, they hold until today and they deserve the benefits that BTC bring. It is not too late if you are a truly talented person, hold on to an altcoin that you believe will grow in the future so that you will not regret it later on. 
Why unfairly? They didn't hurt anyone to get their Bitcoins as early adopters. They just enjoyed their chance as pioneers. The opportunity was there, Bitcoin wasn't so interesting on that time, but anyway these people believed its power and received their reward for it as we can see now.
In my opinion that was a very fair deal.
In my opinion that was a very fair deal.
I agree. I think that it's their choice during that time, and it just so happened that it came out profitable for them in the long run. Who would have known that Bitcoin would prosper and be this valuable. I mean, the great Bitcoin myth of this man who bought a box of pizza for 10k Bitcoins would have actually known that he wasted millions of dollars worth of asset by doing that. I think for the early adopters, it was just a big leap of faith that turned into something big. That's why many people regret not venturing in the market early on, but in the end, it's not something to be regretful about because who can really say, right?
Maybe no. Because noone knows in the past that bitcoin will valued this much. And not all early adopter don't hold their bitcoin. I think only those who people who hold their bitcoin till now have benefit much.
Many could start and be just as early investors but the fear of many stopped and those who took a chance got a good profit
We need to be very reasonable in this regard. Are these early Adopters not the home based Subscribers who had made Bitcoin golden for us to be part of. No one should hereby raise any Eye brow as to why they are earning Big from Bitcoin. Alas! These people are reaping the fruits of their labor. And there"s nothing bad about it at all. So, its just like getting reward of your Goodwill. So, very fairly to me are the benefits accruing to them by Bitcoin.
Does Google unfairly benefit early investors?
Yes or No? Doesn't Bitcoin unfairly benefit early adopters?
No. Because it does not matter if your early or late in bitcoin. As we know some of those who were early on bitcoin also had big lost and some who are late made millions already. The thing is, it depends on how you utilize bitcoin to earn profit.
This is an irony, those who adopt bitcoin from the beginning earn little benefit, even the inventor of Mr. bitcoin. Nakamoto does not get any benefit, I think it is fair that the most important is for those who succeed with bitcoin then donate to the inventor of bitcoin.
That’s a lie. I know that most of them that invested as of that moment would have sold off. As people buys in, lots of people will also sell off at same time. People who invested at the price rate of $100 likely would have sold off at the price rate of $250 or so, cause they will believe that will be highest rate it will ever achieve as of then. Then those who bought at that $250 likely would have sold off at the rate of $500. That’s how it goes.
This is an old thread but I really have to answer this one.
Early adopters, how do you think they have lived with just cents of equivalent per bitcoin?
Damn, I would have surrendered from that and just get a job.
That is some patience and faith with bitcoin. You cannot get that easily.
If you want you could use a time machine and live a life like them and you will see how hard it is.
Early adopters, how do you think they have lived with just cents of equivalent per bitcoin?
Damn, I would have surrendered from that and just get a job.
That is some patience and faith with bitcoin. You cannot get that easily.
If you want you could use a time machine and live a life like them and you will see how hard it is.
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