bitcoin as a global medium of exchange (was Re: Interesting take on Sanjuro's Assassination Market)

[Ted Smith]

On Wed, 2013-11-27 at 01:36 +0100, Lodewijk andré de la porte wrote:
> On Nov 27, 2013 1:25 AM, "Ted Smith" <tedks at riseup.net> wrote:
> >
> > On Tue, 2013-11-26 at 11:07 -0800, Bill Stewart wrote:
> > > At 05:43 PM 11/25/2013, David Vorick wrote:
> >
> > Absolutely. It's utterly absurd to claim that Satoshi got moderately
> > wealthy (not hyperrich yet by any means) by "doing nothing." There
> are
> > insights in Bitcoin enough to fuel dozens of PhDs worth of research,
> in
> > wider areas than 
> 
> Says more about PhD's than Satoshi. The money he'll earn with Bitcoin
> has no direct relationship to his investment. It is unlikely that,
> through coincidence, his reward is set nearly right. Regardless of
> your idea of right.
> 
> Lack of knowledge is the fail of all markets.

I'm not sure how you're evaluating his "investment," which was solving a
number of previously-thought-unsolvable problems in applied cryptography
in a way that became wildly popular, widely used, and enabled a large
amount of very influential services. 

Contributing to the world in such a manner rarely results in such
wealth, but I don't see why it shouldn't. 


-- 
Sent from Ubuntu
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