Yes or No? Doesn't Bitcoin unfairly benefit early adopters? - page 11.

Monnt

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Quote from: warrior333 on October 31, 2017, 10:56:58 AM

Quote from: bling-bling on October 31, 2017, 10:29:18 AM

Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

Bitcoin has nothing to do with that. It is the people who invested early who should be credited if they are now benefiting greatly from their investment. They made that right move to hold and/or trade which is why they are earning, not Bitcoin.

It seems to me that people have a strong sense of greed. They envy those who became rich. They don't think about the fact that people could not sleep at night, risked their money and very often lose money. People see the end result. That's why many have this attitude to those who got rich at the expense of bitcoin.

LOL. That is really a high sense of greed indeed and it is really a common thing.
As long as you did not take the chance when they all did, then it is fair that you are here at this point at that is the best amount of fairness anyone can get. Time is everything, they have paid their dues over the years.

No one can come today and expect to just bump into something that has experienced a lot of development and so many people with fears and heartaches over the years to start dragging it at the same value ? Even life does not work that way.

nightxglow

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Yes it's such a benefit for early adopters now to have bitcoin earlier. But no, it's not bitcoin fault. And also it's not unfair.
Of course the early adopters deserve to get more bitcoin than the latter befause they believe bitcoin, and invest in it even before bitcoin is so popular.
So i just think it's reward for their loyalti and also luckiness.

killerfrost

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I think yes. The problem here is that you can keep the spirit and reason not to sell Bitcoin after each price increase or not? If that is possible, Bitcoin will benefit early adopters and the return may be up to several dozen times the original price.

jack1111

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Why you want to equalize between someone who refused to buy Bitcoin at $1 or even $100, and someone who bought great amount at those levels, they deserve to get huge profits because they took the risk and bought a crypto currency which no one believed in it at the beginning.

Hamphser

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Quote from: wantjokull on November 03, 2017, 11:48:05 AM

Quote from: Siopao on November 01, 2017, 11:36:58 AM

No, it's not an unfair benefit. It's just the fruit of their being risk-taker, in fact we should thank the early adopters for it's because of them why bitcoin have been successful nowadays. Years ago who would have thought that the value will blow up as higha s its value today, so its really either skill with intelligence or pure luck.

Yes you seem to be talking fair things here and I like it when someone talk about others skills and goodness. Its such true and ignored thing that what bitcoin is achieving today is all because of peoples investment, those people who believed it blindly in the past and I just love the idea of it being early investor.

It is so charming to be first and the earliest to get at something and then have the fruits of it. So may be they deserve it and its not unfair at according to me as well.

Its not really unfair since they are just cherishing the results of the risk they take when bitcoin was just starting and those early adopters did really make the first step because bitcoin wont really spark out if there were no people who did able to engage with it on the earliest days then bitcoin wont really gain value because the start is already been messed up and now they did succeed and i would somehow consider this as a skill and knowledge with the mix of some luck which bitcoin did progress and did able to survive upto these days with having an insane value of $7k+.

wantjokull

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Quote from: Siopao on November 01, 2017, 11:36:58 AM

No, it's not an unfair benefit. It's just the fruit of their being risk-taker, in fact we should thank the early adopters for it's because of them why bitcoin have been successful nowadays. Years ago who would have thought that the value will blow up as higha s its value today, so its really either skill with intelligence or pure luck.

Yes you seem to be talking fair things here and I like it when someone talk about others skills and goodness. Its such true and ignored thing that what bitcoin is achieving today is all because of peoples investment, those people who believed it blindly in the past and I just love the idea of it being early investor.

It is so charming to be first and the earliest to get at something and then have the fruits of it. So may be they deserve it and its not unfair at according to me as well.

magz

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

We can't say that. Because the benefit they are having is the time they gave in. The benefit is because they adapt Bitcoin early. They are enjoying the increased value of Bitcoin now, and I do not find it unfair.

wildan88

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I think this is about luck, early adopters are lucky they are moving to invest in bitcoin and get big profits in quick time. I'm happy if many early adopters feel lucky with big a profit, this is will makes a lot of people interested in investing in bitcoin.

yugyug

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i didn't see any unfair benefit for an early bitcoin adapters but they have an edge of advantage because they already buy a good position for investment, even if they hold it for at least 3 years then that is more than a times fold of gain and profits. it is just a matter of faith if they believe that btc will hit more than 10k usd then they are most rewarded bitcoin investors.

Fafabol

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I don't understand why it's being unfair to early investors as they have all the opportunities to buy in cheap price. Yes they didn't knew that bitcoin will reach this far as so the one who HODL until now are the one who's lucky and profiting.
I think the most important here, early investors or just new here that we're all in right track.

filharvey

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

There seems nothing unfair in that.
If you are too late to enter the bitcoin world,its neither your mistake nor bitcoin's mistake.
Early adopters are those who had trust in bitcoin and bought it when most of people raised doubts about it.
Some even said that bitcoin would be dead soon.
But still,those early adopters consistently supported and had faith in bitcoin.
I think that they deserve more to enjoy such tremendous benefits from bitcoin.

okissabam

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I don't see it to be unfair, they knew bitcoin before we did so it is just right for them to take all the benefit before us because obviously they bought bitcoin cheaper and earlier than we did. It is just sad we found out about bitcoin before we did, but life is always unfair. There is always the so-called the "lucky ones".

azguard

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Quote from: Vishnu.Reang on November 02, 2017, 02:40:35 AM

Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.

Why is that they believe back then in bitcoin and now they are laughing at this they probably spend little more then 100 dollars to buy 100 bitcoin back then image and just calculate the price at the moment, off course this is if they didnt sell it when it was price good for them.

naidray

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Quote from: tobs on October 31, 2017, 10:54:23 AM

It should actually be the opposit. It rewards the brave early adopters who decided to even in fact "throw away" their money for a random new project about some "weird internet money" that no one even expected to go that far. It shows that brave decisions pay off and you shouldn't be greedy when investing in new ideas. There are many new altcoins out there right now. You know that some of them will in few years be really big? They costs now a dollar, while they can go to thousands. I think it's about choosing and supporting a project that for real does something revolutionary.

Yeah, it took being brave to be an early adopter, something that not everyone had.
Many of us called it names, so many did not believe but some did. It seems unfair to them if we all at the end, ended up having equal advantage. It was a huge risk they took which is paying or has paid off for them now and when the time comes, most of us here too will be glad we did in upcoming years. That is just the way life work! First come, first serve! Unless you just got lucky.

beerlover

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Quote from: tj4dmx on October 31, 2017, 10:23:51 AM

Yes or No? Doesn't Bitcoin unfairly benefit early adopters?

We cannot call that unfair. Early adopters always benefit in most things, while the laggards should always have themselves to blame.

We all had an equal advantage somehow in some ways but those who took the opportunity and the risk at that time and benefiting from it now is not unfair as you can wait for your own time too.We could say it is not easy for hustlers, but the pizza boy who bought a lot in the past was also a hustler.

They took the boldest risk then and we are taking a lesser risk at this point and later on when things are starting to get rosy, then that gives it no risk and anyone coming that time should never see it as unfair compared to someone who is here now.

Lagduf

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Quote from: Vishnu.Reang on November 02, 2017, 02:40:35 AM

Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.

People have the right to invest or not anyway, and those early adopters who invest into a project and it's then becoming such a success, have the right to have the good fortune they made, and it's all by their own decision.
It's just pointless bragging about how early adopters overly benefited from bitcoin, If someone saying this, I just want to ask, why don't they just becoming the early adopters when bitcoin is still not a thing back then.

Vishnu.Reang

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Well this is Unfair but that’s how a capitalistic society with free market works! This is same in the case of shares, whoever bought Microsoft or Apple shares in their early days are now millionaires or billionaires. The same goes for goes for a lot of other fields. We may choose to call it destiny, luck or a fluke but it is what it is and we can do nothing to change the course. There are some people who let go of a stuff only to realise that they should have held on just like early adopters who didn’t take bitcoin seriously and probably sold off or did not buy what they could have.

djsugar

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Where the hell is unfairness here?

Bitcoin is decentralized and nobody is controlling it or giving profit to anyone. Nothing can be more fair than Bitcoin. Bitcoin is designed in a way that earlier you invest, the more profitable you'll be. Those early investors were ready to take risk and put their earnings into something so much unpredictable and were able to hodl till now. Don't forget between 2009 to 2017. There were many moments when Bitcoin suffered huge dip and almost died. If someone hodl in that period, then it is commendable and they deserve their share. You are looking at bitcoin when it is at this strong position. Back then hardly anyone trusted it.

Fretcy

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Early adopters of bitcoins were ready to take risk by investing their earnings, effort and time on a new invention like bitcoin and blockchain technology which has helped them to change their livelihood when the value increased but some of the early adopters of bitcoin did not wait for too long for the price to reach hundred fold more than prices on the early stages and so not all adopters were able to gain from bitcoin as they have sold it, only some investors were lucky enough to save their bitcoins when the prices reached the peak which was for the betterment of the early investors, If you also want to benefit from this technology it is better to invest now rather than waiting for losing the opportunity of gaining from bitcoin technology.

cah ndablek

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yes because bitcoin is able to provide jobs for many people every month on condition that they must be able to finish all the work that is in it as well as possible. Descriptively bitcon will make a person's life becomes better in meeting all the basic needs.

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