RE: Will Cryptocurrency Solve The Cantillon Effect?
You are viewing a single comment's thread:
Even in the case of blockchain that new money is still favoring early recipients right? It's just not as much of it is staying with them?
Posted Using LeoFinance Beta
0
0
0.000
I would have to agree with this comment. The early adopters always earn more because they are risking the most as well.
Posted Using LeoFinance Beta
I totally agree with you..but catching up might not be so difficult
You are right. With the right investment in the right projects it could be very easy to catch up!
Posted Using LeoFinance Beta
New money is freshly minted.
A bitcoin that is paid to a miner today is still new money. That means the particular miner will benefit more from the money today as compared to someone who get a hold of that Bitcoin two years from now.
It is not a comparison to the price of the token. Remember, with currency, that was not often the consideration. It is in crypto because we look at this stuff like stocks.
So the HIVE you got today is new money. So is the next project you get in on Hive Engine 6 months from now.
Posted Using LeoFinance Beta