Yes or No? Doesn't Bitcoin unfairly benefit early adopters? - page 9.

d1ceplayer

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Quote from: Erkallys on November 05, 2017, 07:45:40 AM

No, that is extremely fair that the pioneers, who risked their money and time on something not at all established are rewarded. It is thanks to them that Bitcoin passed throught the hard times of its infacy to slowly become what it is now.

And you know, we are all the early adopter of someone else Wink

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They are getting what they are deserving because they trusted this coin before than anyone and on top of it nobody was investing at that time because all other think that this coin is not that much profit giving but the pioneers did well they invested their money to give this coin strength and now this coin is giving more and more and I am also in favor of early investor and this coin is giving all to them who believe in it.

Alalex

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Now I believe some and not all early adopters have a large amount of bitcoin and invested time and resources in unproven technology that is hardly used by anyone and it is much more difficult, early spending a large amount of bitcoin several times before it becomes valuable or just purchased in small quantities and bitcoin will increase or decrease. Bitcoin is still in its early stages, and has been designed with long-term outlook.

CryptotradeGMO

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Bitcoin will make so much difference in the financial market. We see Bitcoin at over 30.000$

Ngewex Yuk

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If without support then bitcoin will not be worth it, this is reasonable because at the beginning of course something is not worth it to make people do not care, all becomes valuable when there is a lot of support from third parties such as wallet providers.

Meowth05

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Quote from: OmegaStarScream on October 31, 2017, 11:06:34 AM

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

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

You can only blame yourself for not trusting bitcoin at the early stages like they did but here is the thing, If you buy now, wait a few years until we get mass adoption, you will be considered as an early adopter as well.

Precisley, it is your fault not on newbies because you didn't put your trust on it at first. But it is advantage for newbie because they have already seen the potential of bitcoin so they earn a high profit just like what you did. However, it is not too late to buy now and hold it for a long time then if you did it is fair.

orions.belt19

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I had the same thoughts but mainly because I envy the early adopters.

But no, I don't think that it's unfair that the early adopters benefited from bitcoin because they took the risk back when hardly anyone believed in bitcoin. Also, it took a lot of effort to hold those coins for several years. They simply reap their rewards as early adopters and it's not unfair. Just as how we will benefit after a few years even while other people chose not to believe in bitcoin - it won't be unfair to them for not believing in bitcoin back then.

telcell

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Fair or not it's what it it is.

oegarod

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Bitcoin has got the same value, whether it's kept hold by you or me, or someone else doesn't matter. From its existence it has never been distributed in such a way that certain levels of people get increased value for the same assets and certain people doesn't. Unlike the distribution users could gave benefited upon their volume of buying and holding.

BartS

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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?

This kind of idea goes against bitcoin and what it represents, it is like saying that those that invested in apple when it was starting were just lucky or that they are getting unfair advantages, that is the way things work, people that invested in bitcoin when it was worth nothing took a risk and now they are getting the rewards by believing in this technology, do you want the same earnings then invest in an altcoin and hold.

malikusama

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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?

No way i strongly disagree with this, bitcoin isn't like network marketing which will benefit the users who joined it earlier. In fact the distribution of wealth in bitcoin is equal and balanced. Rather than before bitcoin has provided much more opportunities to earn due to its rapid growing price, now its up to the users that how they avail the opportunities.

Unilevear

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Bitcoin has nothing to do with that. It is only fair to them that they are now benefitting from the risk they took when bitcoin is just starting to build up its legacy. Those are hard decisions and investment to make since there is no assurance and they really don't know what bitcoin can give them. They just believe in it and risk some of their money. So now, they are enjoying this moment and we should not blame them just because they have so many bitcoin to spend and to invest.

Cosbycoin

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Quote from: CreamyCheesecake on October 31, 2017, 11:34:27 PM

It does give too much power to institutional investors that got in very early. They manipulate the market at their will, and manipulation translates in centralization of power, quite ironic for the idea of a decentralized currency.

Well, is not it something we should always expect, but we have to understand that those institutional investors you are referring to also took some bold steps.

If bitcoin ended up not working, they would have lost so much of what they put in but they were willing to take the risk, so I do not see that as being unfair at all. It is the way life is and there is nothing that can be done about that, but that does not make it less decentralized.

Crafts12

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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?

I think it depends to the person who manages his/her own bitcoins. It depends on the skills and knowledge a persom have in terms of bitcoin. Luck is also present in bitcoin because those lucky person who won in gambling earn a lot of bitcoin in just a short period of time. If you want to earn more, just learn more and develop yourself.

ImHash

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Yes, That doesn't give you the rights to clone a similar situation for more than 900 times Cheesy

Someone had a fight with his wife and then a few days later he decided to launch his own cryptocurrency Cheesy

Fen1X

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No. Early adopters are the pioneers, who invested time and money when the future was still very unclear.
They hoped, but couldn't possibly know that Bitcoin would become what it is now.
I think bitcoin exceeded everyones expectations and I think it will continue to do so for quite some time.

chip211

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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?

I find it very fair and life is fair to everyone. When it's low, people can buy it why not? When it reaches high value you complain?

Razick

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Yes it does, but not all of these people held their coins. Some were lost, but most were sold because they never thought Bitcoin would last, or that would be the highest the price would go. For the percentage that are still holding their coins, well they deserve them because they took a chance in a network understanding the implications early on like Satoshi having a lot of coins, but didn't care because they wanted that censorship resistance value transfer system.

STRAKS

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Unfairly would imply that it was created to be advantageous for the early adopters. Yet when Bitcoin was created I doubt anyone would have predicted just how popular it would have become.

Erkallys

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No, that is extremely fair that the pioneers, who risked their money and time on something not at all established are rewarded. It is thanks to them that Bitcoin passed throught the hard times of its infacy to slowly become what it is now.

And you know, we are all the early adopter of someone else Wink

!

pandanaran

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Activity: 1048

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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?

The early holders do not get a profit free of charge, they take risks and generate profits as they are now with the high bitcoin prices. If you see bitcoin when there is no big investor and the price is still low, do you think you want to adopt it? they bet on the risk of losing.

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