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I hope you are not implying that bitcoin is better. Bitcoin creates a super-elite of early adopters who control (in percentage terms) an amount of currency unheard of in history.

The curve of releasing bitcoins was done backwards - it should have released very few bitcoins at first (while there weren't a lot of people using it), and more (i.e. faster) later on as it got more popular. As is, fewer and fewer bitcoins are being released as time goes on (i.e as more people use it), and that's an utter disaster for a currency.

I hope bitcoin never becomes a real currency since it would create a monetary inequality such as the world has never seen.



So money created by the people for the people will create monetary inequality, where as Fiat currencies where the monopoly of money creation is given to handful of super-rich central bankers is not? Not to mention that US Dollars for example are created by a private institution called "The Federal Reserve" and lended out with interest. Or that HSBC has the blood of tens of thousands of drug war victims on their hands for enabling the business in the first place, and get's away with a <10% fine of the profits.

The curve is modeled to mimick that of Golds, because that's what Bitcoin in the end is: Virtual Gold, where tangibility is replaced with knowledgeability. And because all that Bitcoin "wallets" are in the end is information, it makes things possible that we could have never imagined before.

Just because you missed the first Bitcoin opportunity doesn't mean that Bitcoin would be inherently bad. Please educate yourself.


You created your account 1635 days ago, and your very first post is this piece of nonsense? And you tell me to educate myself?

Wow.

There is little point in replying to your first paragraph since it's filled with so much misinformation I wouldn't even know where to start.

But re your second paragraph: What makes Gold so wonderful that you want to copy it?




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