Re:People Don’t Actually Want Equality, They Want Fairness
by ridgeguy on Sunday September 10, 2017 @11:24AM
(#15212578)
I don't understand your bitcoin example.
If I understand bitcoin, the work of mining increases as more bitcoins (wealth) are produced.
The rich can buy more mining hardware, start/hire mining services, etc. than the non-rich. Over time, those who can invest in higher performance mining get wealthier than those who can't.
Over time, this would seem to concentrate bitcoin wealth among fewer, wealthier people. Am I missing something?
If I understand bitcoin, the work of mining increases as more bitcoins (wealth) are produced.
The rich can buy more mining hardware, start/hire mining services, etc. than the non-rich. Over time, those who can invest in higher performance mining get wealthier than those who can't.
Over time, this would seem to concentrate bitcoin wealth among fewer, wealthier people. Am I missing something?