Bitcoin, hopefully not. I’m fundamentally opposed to rewarding that particular wealth redistribution scheme.
Bitcoin, hopefully not. I’m fundamentally opposed to rewarding that particular wealth redistribution scheme.
Actually Bitcoin is very fair. Everything is Open Source, verifiable, public. There is no insiders, no trusted parties changing rules, everything is publicly know: number of coins and their distribution scheme.
The price of Bitcoin is a fair price. It corresponds to current market knowledge about it's usefulness and chances to be more/less useful (valuable) in the future. Anyone is allowed to participate, and noone is forced to participate.
People holding Bitcoin are rewarded for their risk of holding risky asset. People trading it, are rewarded for providing liquidly, people mining it are rewarded for keeping the p2p network running.
Bitcoins is the fairest game in the town. And any wealth redistribution it causes is a fair redistribution.