Why do these VCs deserve to get access to this money this way? And how does this justify and make it reasonable now?
>
Why do these VCs deserve to get access to this money this way?
Circular comment thread is circular:
> Increasing the wealth of a bunch of early adopters (who supported the network/technology when it was vital to do so)
It's for personal gain, not for the benefit of everyone. Yes, a structure that has many of the qualities of Bitcoin would be beneficial for all of society, everyone. If it was beneficial to everyone, without these unreasonable problems, then everyone would adopt it - including myself. A different structure can exist that has the same qualities as Bitcoin - that is what I am arguing for.
"You can further concentrate wealth among a select group of venture capitalists (who typically benefit from valuable innovations), or you can more randomly distribute it to early adopters"