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    Author Topic: A _new_ currency has to be fair  (Read 6260 times)
    David M
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    December 11, 2011, 09:53:29 PM
     #41

    People who acquired alot of Bitcoins without much effort are supposed to deserve it because they got in early had alot of spare fiat or generated them before the public knew about it.

    "Without much effort"  is a very strange way to think.  

    I can only grok this statement if I think time, ideas and risk are worthless.

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    The word "fair" is a relative word.  A definition that changes from person to person and act to act.

    You're more than welcome to start your own digital currency.

    +1

    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.

    WTF?

    Intervention, "wealth distribution" and central planning gives "mistresses and sycophants and shills and hangers-on" unearned wealth.

    Capitalism gives you what you deserve.

    I don’t think you understand, my point is that the market is struggling with this initial allocation and trying to spread it out, but in doing so lowering its usefulness.

    Markets don't struggle.  Only the participants' emotional and financial status.


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