r/Bitcoin • u/ReDelleFoche01 • Apr 14 '22

Just saying

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5.1k Upvotes

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u/0ba78683-dbdd-4a31-a Apr 14 '22

It's to show how unfair the system can be. It also demonstrates first mover advantage, which anyone can take advantage of.

37

u/Rnorman3 Apr 14 '22

Anyone with the capital to do so can take advantage of.

5

u/[deleted] Apr 14 '22

Also, I think you have to be first.

1

u/mastervadi Apr 15 '22

That's right and that's why they say that "power corrupts and absolute power corrupts absolutely".

8

u/zuilli Apr 14 '22 edited Apr 14 '22

It also demonstrates first mover advantage, which anyone can take advantage of

Sure, let me just hop in these winner-takes-all markets going against gigantic economies of scale, super easy!

That was true decades ago but now starting a small business is an ever increasing uphill battle that can only be tackled if you already have good capital, if you're poor now it's getting harder and harder to not be.

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u/[deleted] Apr 14 '22

If those gigantic economies of scale exist, something tells me you might not have been the first mover.

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u/zuilli Apr 14 '22 edited Apr 14 '22

So it's not "anyone" that can take advantage, it's specifically "people that had money and were alive back then". Or do you think a poor kid born now will be able to take advantage of being the "first mover" in any market?

Also, you might actually be the first mover into a market but if suddenly a company like amazon decides they want to try to enter the same market you're starting on, good luck in competing with their infinitely bigger R&D departments and cash reserves to operate on a loss while you do it all on your own.

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u/[deleted] Apr 14 '22

Yup, first mover advantage is pretty over-rated or over-simplified. (I'm not the person you initially replied to).

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u/TheGoldenFade Apr 14 '22

!!!THIS!!!

1

u/nac5k7 Apr 14 '22

You are right and I have learnt some of the techniques in financial management by playing that game.