Amaury is a rent-seeker. A rent-seeker is most easily thought of as someone who sets up a toll on a piece of land so that anyone who passes must pay, and the owner never has to improve or maintain anything.

Amaury actually is demanding the most basic idea of rent. He assures people that work will also go on, but he is not tying the two together.

Amaury believes that being made rich by the product (the way an entrepreneur would be) is a sufficient incentive to keep him honest, and it's basic enough that we should all see it. He simply demands riches.

And, thus incentivized, we are supposed to make the leap that he will always do the best thing (Bill Gates would disprove this theory, but okay) for his riches to keep coming in.

"Make me rich, I promise good stuff will flow from that" is about the entirety of his decree. And then he offers that if people don't like the results, they can "try" to get rid of him.

Rent-seeking is money for nothin‘. Solely because I own the thing, the name, the process idea, whatever. Amaury is literally rent-seeking because he demands 8% of every coin someone else mines, and he doesn't even promise that this is for work. It's "understood", at best.

submitted by /u/scotty321
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source https://www.reddit.com/r/btc/comments/ihyz6u/amaury_is_a_rentseeker_a_rentseeker_is_most/