I'm not arguing they shouldn't get a first-mover benefit. I'm saying it was designed for that to happen. It's totally rigged so the early players do almost no work while getting the highest gain. Just like the banking system it replaces. Just like VC's. It's no different except it's so radical the ROI was way less guaranteed. More risk.

The wealth distribution of the Bitcoin accounts vs the U.S. dollar is interesting. Here's a visual one:

https://www.landmarkcash.com/articles/bitcoin-wealth-distrib...

Note: There's also the other problem of hoarding happening a lot since it's a commodity rather than a currency. I'm not sure if that's changed since I last looked at it.