> But without the early movers incentive to increase the coin value, how could that work?
Are you seriously asking how having the value distributed out to a large number of people could ever have utility without oligarchs to "set the value" to some "proper" value?
Yes. If we split all the bitcoins up into 7.8 billion pieces and distributed them to everyone on the planet ... what do you think bitcoins would suddenly be worth? Would each slice still be worth ~$100 or would the market simply collapse?
I’m seriously asking for new ideas. This space is new and free to rethink incentives in all sorts of ways, it doesn’t need to repeat the same mistakes as fiat.
