02 Oct '12, 12pm

Hacker News: Discussion on #Bitcoin Non-Technical FAQ

>No production curve can ever be "fair". If you imagine that one day every living person has equal amount of bitcoins, they will be very quickly redistributed from those who doesn't care to those who do for a relatively small price. And then, when the network becomes more stable and useful, those who have sold their fair share early will whine again about being unfair distribution.I said "fairer", not "fair". While there is no perfectly fair distribution curve, the deflationary one bitcoin uses is far worse than any other currency in existence. The very concept of one individual owning 1/4 of the entire world's supply of dollars or gold or even sea shells is absurd, because such an individual would have to be ridiculously, obscenely wealthy. If you want a practical suggestion, simply removing the exponential halving would make a far fairer curve. People would then obtain w...

Full article: http://news.ycombinator.com/item?id=4601570

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