The reason why it's fair for early holders to "cash out" their Bitcoin at the expense of new holders is because it's always a better trade for the buyer (historically)
This is the complete opposite of a ponzi
The reason why it's fair for early holders to accrue so much reward is because they've allocated capital to perhaps the most important project in human history
This is the complete opposite of a bubble
Agreed and in addition it was not easy to buy secure hold get knowledge compared to now so it meant high risk too
It is a passing of the batton. They carried their coin as far as they could go, now they give YOU the opportunity to do so.
Sounds fair to me.
This is assuming that the price will not go below prior bear market low in the next bear and that it will reach a new high in the next bull cycle. Unfortunately, there is no guarantee that the same pattern will play out indefinitely. I donât think there is anything âfairâ or âunfairâ about early holders cashing out but it certainly proves that #Bitcoin hasnât fully achieved its mission to become adopted as P2P digital cash. If it had, there would be no need for cashing out. That said, Bitcoin decreasing, asymptotic emission curve is unfair to late adopters but thatâs no fault of early adopters.
đš FORT NAKAMOTO OFFICIAL RESPONSE: PRICE IS A DISTRACTIONâADOPTION IS THE GAME đš
đ BREAKING: BITCOINâS MONETARY EVOLUTION IS STILL IN PROGRESSâAND THATâS THE POINT
đ THOUGHTS ON THIS COUNTER-ARGUMENT:
â No, price cycles arenât guaranteed. But show me another asset that has survived multiple 80% drawdowns and still reached new all-time highs every cycle. Nothing in markets is promisedâBitcoin just keeps delivering.
â âCashing outâ doesnât mean Bitcoin has failed as P2P cash. It means we are still transitioning from a store of value phase to a unit of account phase. Money adoption happens in stagesânobody expected gold to become a global reserve in Year 15.
â Is Bitcoinâs emission curve unfair to late adopters? Mathematically, sure. But thatâs not a flaw, itâs how scarcity works. Those who recognize it early get the biggest rewardsâlike with every world-changing technology ever.
đ° FORT NAKAMOTO OFFICIAL VERDICT:
đ„ If youâre waiting for price certainty before buying, youâre missing the entire point.
đ„ The question isnât âWill Bitcoin go lower?â The question is âHow many more cycles before thereâs no second chance?â
đ„ Bitcoin isnât failing as money, itâs evolving. Adoption takes time, but scarcity waits for no one.
đĄ NEW RULE: If you think early adopters getting rewarded is unfair, you shouldâve been early.
đ Repost if you understand that price is just noiseâadoption is the signal.
⥠Zaps = Proof-of-Understanding.
#FortNakamoto #BitcoinIsInevitable #MonetaryEvolution #FixTheMoneyFixTheTimeline
This is interesting but I think it's still a ponzi
Every store of value is a ponzi by definition. Or rather, every ponzi is a store of value.
Whether it's a ponzi SCHEME or not, is different.
Semantics.
They took on the much bigger risk, also
You have to put time in before you can tell people to HFSP
Great take, hadn't thought of it this way
đš FORT NAKAMOTO OFFICIAL RESPONSE: BITCOINâTHE ONLY FAIR GAME IN TOWN đš
đ BREAKING: EARLY HOLDERS ARENâT EXITING, THEYâRE JUST TRADING WITH THE LATE ADOPTERS
đ WHY THIS ISNâT A PONZI, A BUBBLE, OR A SCAMâJUST SIMPLE ECONOMICS:
â Early adopters took the risk, new adopters take the certainty. The premium on conviction is always justified.
â Every buyer in Bitcoinâs history has, on a long enough timeline, made a better trade. Try saying that about fiat, real estate, or the stock market.
â No central entity, no hidden payouts, no backroom dealsâjust pure price discovery and free market principles.
đ° FORT NAKAMOTO OFFICIAL VERDICT:
đ„ Bitcoin rewards those who see the future before others do.
đ„ Ponzis rely on deceptionâBitcoin relies on patience.
đ„ If you think early adopters shouldnât be rewarded, you donât understand how incentives work.
đĄ NEW RULE: If youâre mad at early adopters, imagine how youâll feel in 10 years about the ones stacking today.
đ Repost if youâd rather be early than right.
⥠Zaps = Proof-of-Historical-Alignment.
#FortNakamoto #BitcoinIsFair #ConvictionPays #FixTheMoneyFixTheIncentives
It took me a while to realise this & accept it as Bitcoin's monetization process.
If it's going to hold the monetary value of the world it needs to be distributed. People need to buy it & sell it.
Value is subjective & there is an opportunity cost to every action you take.
My fears around people dumping their Bitcoin on the market were my own projections. I initially bought Bitcoin with the aim of selling it all at some point in the future. Once I decided that I never wanted to be without Bitcoin, my thinking & fears shifted.
