>There is seriously something wrong with an economy when millionaires are made for nothing but being first.
Tell that to every land speculator or homesteader who struck gold, oil or fertile land (but ignore the natives, they only complicate this). Being first is a huge part of any economy. They took the risk with their cpu cycles, electricity or money, if it's successful, they will get the payout.
Risk does not equal value. I can play russian roulette for an ultimate bet and win 5$ if i dont die.
It is still daunting for me, that i have bought bitcoin and made a few bucks on it, that someone that bought 10k bitcoins last year is now a multi-millionaire.
Tell that to every land speculator or homesteader who struck gold, oil or fertile land (but ignore the natives, they only complicate this). Being first is a huge part of any economy. They took the risk with their cpu cycles, electricity or money, if it's successful, they will get the payout.