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Interestingly, that may be an advantage of the system. It encourages early adoption and encourages early adopters to nurture the system.

Maybe it's unfair, I don't know. But, I don't see any perverse incentives.



If you want to know how this may be perverse, it mirrors a pump and dump. Get in really cheap, hype it and dump for lots of profit on something without any basis for its value.


Only the people who are doing the pumping are going to dump at that point. By the point it is valuable, there will be many more people who (probably) stay around - bitcoin will hopefully be well established by then.




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