The criminals behind Cryptolocker are holding a few out of those 927 places.
They'll remain there as long as Kasper is not able to catch them.
Topic: 927 People Own Half of All Bitcions - page 3. (Read 5954 times)
Article:
So far.
The economic benefits of taking the control of currency out of the hands of a few power-hungry central bankers and giving ordinary people easy means of protecting themselves from the hidden inflation tax and the threat of seizure of their assets by the power-hungry politicians has the potential to make a lot of other people rich, and safe from the predatory nature of those in power.
The article neglects to mention how early we are in this process and the other benefits of bitcoin and instead wants to concentrate on envy.
Regarding the volatility issue, I seriously doubt it is caused by most of these early adopters.
Prices are set at the margin and the day trader, fast money crowd is much more likely to be the cause of volatility than the strong-handed, true believing early adopters.
Quote
Bottom line: Bitcoin has made a fraction of people very rich. And then there's the rest of us.
So far.
The economic benefits of taking the control of currency out of the hands of a few power-hungry central bankers and giving ordinary people easy means of protecting themselves from the hidden inflation tax and the threat of seizure of their assets by the power-hungry politicians has the potential to make a lot of other people rich, and safe from the predatory nature of those in power.
The article neglects to mention how early we are in this process and the other benefits of bitcoin and instead wants to concentrate on envy.
Regarding the volatility issue, I seriously doubt it is caused by most of these early adopters.
Prices are set at the margin and the day trader, fast money crowd is much more likely to be the cause of volatility than the strong-handed, true believing early adopters.
When gold appeared did they evenly distribute it amongst the population? Noo....
This is how currency work's a few wont he majority, hell The american dollar is 99% owned by 1% of the population...
This is how currency work's a few wont he majority, hell The american dollar is 99% owned by 1% of the population...
And we wonder why there is volatility?
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
There is some legitimacy to the claim that once there are more coins floating around, the fluctuations won't be so intense.
But when you've got 50% of the coins in existence being hoarded and played with by only 900 people .... you're going to get volatility.
That's why Bitcion is so "volatile" (to all you "journalists" out there) ... its not because Bitcoin sucks.
Its a little depressing knowing that coin production has slowed down so much as time progresses, and will continue to slow down.
Somehow don't we need to get those 927 people to break open the pinata and get this currency flowing?
-BittBurger-
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
There is some legitimacy to the claim that once there are more coins floating around, the fluctuations won't be so intense.
But when you've got 50% of the coins in existence being hoarded and played with by only 900 people .... you're going to get volatility.
That's why Bitcion is so "volatile" (to all you "journalists" out there) ... its not because Bitcoin sucks.
Its a little depressing knowing that coin production has slowed down so much as time progresses, and will continue to slow down.
Somehow don't we need to get those 927 people to break open the pinata and get this currency flowing?
-BittBurger-
Jump to: