As far as I know, everything is open source, and I'm sure that some cryptography experts already analyzed that.
And even if no one did, it is obvious that the person/organization that started the whole thing would have the highest profit by definition without the need of any backdoor.
Just look at how many Bitcoins Satoshi made at the start, when competition and mining difficulty was low.
But yes, I share your concerns, since it could be a pyramid scheme.
The one that starts it profits the most, everyone that enters the game later earns less but hopes that the value increases as long as more and more new players are joining.
And this currency is deflationary by design, which obviously helps driving profit expectations for everyone. (why the hell would you want deflation in a currency? Deflation reduces circulation which defeats the purpose of a currency)
And even if no one did, it is obvious that the person/organization that started the whole thing would have the highest profit by definition without the need of any backdoor.
Just look at how many Bitcoins Satoshi made at the start, when competition and mining difficulty was low.
But yes, I share your concerns, since it could be a pyramid scheme.
The one that starts it profits the most, everyone that enters the game later earns less but hopes that the value increases as long as more and more new players are joining.
And this currency is deflationary by design, which obviously helps driving profit expectations for everyone. (why the hell would you want deflation in a currency? Deflation reduces circulation which defeats the purpose of a currency)