85 people now own 50% of world's wealth - page 3.

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: BitChick on January 21, 2014, 03:21:34 AM

So in a few years with the 85 people that hold 50% of the world's wealth change from those that hold it in fiat now to those that hold it in BTC? That is the question I guess?

1) They don't hold 50% of the worlds wealth

2) Why do you think they hold it in fiat? They might measure the value of it in fiat, but that is not what they hold

BitChick

legendary

Activity: 1148

Merit: 1001

So in a few years with the 85 people that hold 50% of the world's wealth change from those that hold it in fiat now to those that hold it in BTC? That is the question I guess?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: jl2012 on January 21, 2014, 02:50:02 AM

The original title is "85 richest people own as much as bottom half of population"

And you say "85 people now own 50% of world's wealth"

Any problem with your reading comprehension? Roll Eyes

Nice catch. I hadn't even noticed that. Could use less snark.

jl2012

legendary

Activity: 1792

Merit: 1111

The original title is "85 richest people own as much as bottom half of population"

And you say "85 people now own 50% of world's wealth"

Any problem with your reading comprehension? Roll Eyes

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: ?? on ??

Bitcoin will not change anything. The poorest people in the world own no bitcoins, so it doesn't really matter what the value is.

They don't own any bitcoins at the moment, but that can change.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: ?? on ??

Bitcoin will not change anything. The poorest people in the world own no bitcoins, so it doesn't really matter what the value is.

They will own some if you give them some.

I suspect nouveaux riche are much more interested in funding public interest ventures than are the ancien regime. You don't get to be the old money by giving it all away.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: GigaCoin on January 21, 2014, 02:22:23 AM

The wealth grab continues

http://www.latimes.com/business/money/la-fi-mo-oxfam-world-economic-forum-income-inequality-20140120,0,7080817.story

Oxfam and other bullshit charities are calling for higher taxes on the rich, however that will only help government get bigger and more corrupt.

Our chance to win against this is for Bitcoin to hit $1Million per BTC

It will need to be much higher than 1 million to even come close to what you would call "winning" this.

$1 million per BTC with 13 million coins would account for about 1.5% GDP.

I wouldn't call 1.5% of the score winning the match...

PS
Remember we won't have 21 million coins until 2140 and in all reality we will NEVER have 21 million coins. Some will be lost.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

The wealth grab continues

http://www.latimes.com/business/money/la-fi-mo-oxfam-world-economic-forum-income-inequality-20140120,0,7080817.story

Oxfam and other bullshit charities are calling for higher taxes on the rich, however that will only help government get bigger and more corrupt.

Our chance to win against this is for Bitcoin to hit $1Million per BTC

Topic: 85 people now own 50% of world's wealth - page 3. (Read 5159 times)