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    Author Topic: A _new_ currency has to be fair  (Read 6260 times)
    ssaCEO
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    December 11, 2011, 08:36:28 PM
     #21

    From the perspective of someone who doesn't have a lot of money, Capitalism isn't fair. Capitalism awards speculators, and their ne'er-do-well children, and their mistresses and sycophants and shills and hangers-on. It keeps hard-working people locked in debt, sometimes to people who don't have to work at all.

    Now on the other hand, from the perspective of someone with a lot of money, awards people who think outside the box; who take risks; and it gives their progeny special advantages. To someone who haS a lot of money, it's eminently fair.

    Moreover, to middle-class Americans who think that someday they might have a lot of money (writ the "American Dream"), it's also fair.

    Deep down, I agree with evoorhees. It's fair, albeit in a cold and evolutionary way. But I can see both sides of the argument, including as it pertains to Bitcoin.

    I guess the thing that's worth remembering is that fairness is a meaningless term when it's thrown around by parties who have something to gain or lose. In the casino industry, fairness has a specific definition: Does the customer know what they're getting? Are the rules as written the same as the rules in play? If so, it's fair. Those rules might be completely skewed toward the house, but as long as all the parties are playing by the same rules, and those rules are out there for everyone to see, then that's fair.

    So don't be a cheap winner, and don't be a sore loser. Any set of rules is fair as long as the participants all tacitly agree to them.

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