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This is how all property works, the more scarce, the more long term holders benefit over newcomers.

In fact this is also how all currencies work.

The longer I'm holding a currency & recieving a return the more currency I'm going to have compared to newcomers.

The beauty of Bitcoin is my currency probably won't make me a return of more currency just because I'm holding it - rather I will have to continue to trade goods & services for more coins.

How much nonsense can you fit in one note?

SMS 2y ago

And you’re telling that just because currencies of modern economic is flawed, it’s the way it supposed to be?

See the argument is not against bitcoin or any other currency, but the argument is against inheritance of flaws when refactoring to a digital asset.

The only thing that makes the difference is that Uncle Sam can’t reach it as easily, but that’s about it.

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Discussion

SMS 2y ago

Pyramid schemes evangelists as well, but doesn’t really serve all, does it?

SMS 2y ago

With this said, keeping Uncle Sam on a short leash does have its own benefits, but hardly an economic such, not when mothering somebodies loss to make a gain, as a scarce commodity makes.