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Topic: And they are worried bitcoin wealth is too concentrated (Read 535 times)

legendary
Activity: 3248
Merit: 1070
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

yes it is if you take into account the marketcap of bitcoin, and the possible future distribution of bitcoin

instead with the dollars it was always like that sinc emany years, not comparable
legendary
Activity: 1568
Merit: 1001
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...


hahahahahah Cheesy
legendary
Activity: 1946
Merit: 1007
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

Too bad your argument is bullshit as usual.. 2 or 3 people holding 99% of bitcoin would mean that they would hold almost 15 million bitcoins.

Even if you include satoshi, that just isn't near the truth.

This means that the bitcoin wealth is more distributed than the US dollar wealth in terms of how many people are holding a certain amount of coins / money.
legendary
Activity: 3512
Merit: 4557
Only 62 individuals are equally wealthy as 3.5 billion people, 50% of the worlds population. few years ago that number was 388 individuals...

At some point only a handfull of ppl own more than the 50%  Angry

This is sickening, this needs to be stopped!

http://content1d.omroep.nl/urishieldv2/l27m6c49061f315423ed00569fce0e000000.5de159b641d15457b2940065464c4fde/nos/docs/180116_rapport_oxfam_rijkenarm.pdf




legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

sr. member
Activity: 481
Merit: 251
Where do you get that 2 or 3 people hold 99% of bitcoins?  Thin air? 
legendary
Activity: 1176
Merit: 1000
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

Hey aren't you that guy who sold his coins for 10$? LOL
legendary
Activity: 1937
Merit: 1001
Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...
sr. member
Activity: 481
Merit: 251
For the record, I certainly dont blame the 4 guys, more power to them.  But anyone who argues Bitcoin wealth is too concentrated in too few can just look at this stat and see it is not as bad as the US Dollar.

legendary
Activity: 1134
Merit: 1000
How about this link:

http://www.marketwatch.com/story/wealth-inequality-is-100-times-worse-than-income-inequality-2016-01-19?link=MW_home_latest_news

The 4 richest holders of us dollars equals the bottom 40% of people.  LOL!

The distribution of the wealth and the richness are a very old discussion in the point of view what is right and is wrong or what must be right or what must be wrong in this direction. Today is true that exist people who have money to make the life they want for tens of generations if the money they have are managed properly. If the money are earned with honest work cannot be told and discussed nothing in this direction about their owner. Being those normal money or bitcoin. No one can blame Bill Gates. Even if he wouldn't donated most of its wealth. Everything earned with him was made in the light of the day. The same for Satoshi Nakamoto or some other like him. They had invented or believed in something and the time gave reason on their invention or trust. In few words the use of richness had with honest work as a weapon from anyone is pure speculation. Who blame such kind of wealth is only a poor envious that must be leaved on its problem and its own. Giving to him much more than this importance will make it to feel better and to begin the thinking of the next bad thing.
sr. member
Activity: 481
Merit: 251
How about this link:

http://www.marketwatch.com/story/wealth-inequality-is-100-times-worse-than-income-inequality-2016-01-19?link=MW_home_latest_news

The 4 richest holders of us dollars equals the bottom 40% of people.  LOL!
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