What I don't understand is how this is stunning ? It just shows the fundamental ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

taligent on Nov 16, 2012 | parent | context | favorite | on: WordPress.com accepts Bitcoin

What I don't understand is how this is stunning ?

It just shows the fundamental lack of equality or fairness in the 'currency'.

mrb on Nov 16, 2012 | [–]

This is not particular to Bitcoin. It is a basic economic principle that those with the most capital can invest to make the most returns (in this case investing in a chip). How is this unfair?

jlgreco on Nov 16, 2012 | [–]

How so?

If we were still on a gold standard, would investing in new mining techniques signal similar about our currency?

Consider applying for YC's Fall 2026 batch! Applications are open till July 27.
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact