•
•

Bitcoin is dominated by three special interest groups: miners, early adopters and developers. All three groups depend on bagholder fiat in order to exist. (self.Buttcoin)

HandofBitcoin が 投稿

Miners need fiat to cover input expenses. Miners are bitcoin income rich from investment effort. Increasing hashrate decreases miner profit margins, this ensures that miners are always bitcoin sellers and vice versa, fiat buyers. Without fiat there is no large scale mining network.

Early adopters need fiat as a pool to 'cashout' into when they have real world expenses. Early adopters are bitcoin rich from no effort. Early adopters need large pools of fiat available everytime they need real world things.

Developers are both bitcoin and fiat poor while burdened with the most responsibilities.

Miners + early adopters have the largest incentive to create an environment in order to entice fiat bagholders. The most effective way is to manipulate rallies in order to attract actual money. The higher the price goes the more people jump in.

Early adopters tend to invest into wealth transfer mechanisms(exchanges, casinos) and be the largest proponents of ideologies that justify their gains. Libertarianism provides the most convenient theories to cover up the scams employed by various early holders.

Developers tend to be poor. This forces them to seek careers with 3rd parties that may not share the same views as early adopters. Developers come in frequent conflict with the early adopting crowd for this very reason. Developers are expected to work for slave wages or for free. Any surplus value they add is transferred over to early adopters via price appreciation.

Bitcoin carries with it specific political ideologies. Namely, that those who took the least risk(early adopters) are to be protected and rewarded for no actual reason. Everything else is secondary(including developer health).

Bagholders are argueably the most important group in the space because they provide the fiat that pays the other 3 groups. Without bagholders there is no bitcoin. The bagholder has 1 role. To buy bitcoin on a regular basis and to never sell it. Filling exchanges with fiat is the job of the bagholder. How much fiat should the bagholder provide? Everything minus what he needs to continue getting more(working). Early adopters tell them how prudent they are by under-consuming and 'saving', what they are really doing is transferring their possible consumption to early adopters/miners. Saving is the justification for bagholding.

全 3 件のコメント
並べ替え:
ベスト
トップ新着論争中古い順Q&A

[–]boof_de_doof 0ポイント1ポイント  (0子コメント)

So, you're saying not a ponzi?

Follow up, where can I throw my filthy fiat at all of this?

[–]biglambda 0ポイント1ポイント  (0子コメント)

It seems like the consensus is that there aren't enough speculators to achieve what you are suggesting. Instead drug and gambling money make more sense as sites like AlphaBay Market and Nitrogen Sports are flourishing with BTC

[–]robot_slave 0ポイント1ポイント  (0子コメント)

You've got the wrong three special interest groups.

Bit-coin would do fine with a fraction of the current number of miners. "Early adopters" aren't ever going to sell their bit-coins, so they're essentially irrelevant to the day-to-day operation of the system. And all the development that bit-coin needs has already been done; every single bit-coin developer could move on to something more useful to society tomorrow, and bit-coin would keep running without a hitch.

The three special interest groups dominating the real economic use of bit-coin (as distinct from the many forms of gambling piggy-backing on that real activity) are:

  1. Poorly socialized consumers of illegal drugs
  2. Internet mail-order dealers of illegal drugs
  3. Bit-coin dealers (e.g. exchanges) providing the first and last legs of payment processing for internet mail-order purchases of illegal drugs