RE: Editorial | Vitalek Buterin Has Spoken: Cryptocurrencies Embody Egalitarian Spirit: Avoid ICOs With Volume-based Bonuses

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Editorial | Vitalek Buterin Has Spoken: Cryptocurrencies Embody Egalitarian Spirit: Avoid ICOs With Volume-based Bonuses

in bitcoin •  7 years ago 

Volume-based bonuses are not really diminishing the egalitarian quality of crypto. "Some of us didn’t have an equal chance at wealth" is something that is always going to be true no matter what. Wealthy people will be starting out with larger initial capital anyways. They will have a greater opportunity to profit regardless of the presence of volume-based bonuses.

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Agree, but why give the rich an even bigger advantage by adding a bonus.