Bitcoin Richlist - page 2. | Bitcointalksearch.org

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: franky1 on October 29, 2019, 08:41:04 AM

if you dont hold the private key, the coins are not yours
a century ago if you dont have actual gold. the bank note promissory note is telling you that you dont own gold.. you dont even own the paper. you just 'bear'(hold/keep) the paper that can be exchanged for gold.

That still applies to gold today.... if a government introduces new regulations where private ownership of the metal is prohibited, people will be blaming themselves for ever having trusted a bank to store their gold with.

In most cases the gold inside bank vaults is insured as well, and for your gold to be insured you must declare the quantity and all, which means that not only the bank, but also the government knows what you hold if they ask for it.

avikz

legendary

Activity: 3080

Merit: 1500

If you see the distribution of wealth comparison worldwide, you will see that 0.6% of the world population holds 39.3% of the world's wealth!

Reference: https://en.m.wikipedia.org/wiki/Distribution_of_wealth

Bitcoin is not going to change the equation. But it may add few more people in the list increasing the percentage of both parameters. We all are modern day slaves, that ain't gonna change for all!

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

that is a problem but i don't see it being a big one. and the problem is not what you think, the problem is that we need more exchanges so that the volume distributes more between them and as a result we see less power for them in controlling the "price".
the good news is that it is already happening. in early years there was only one big exchange and some small one s (Mt Gox) it was controlling the entire market then other exchanges grew bigger and nowadays there around 10 big exchanges i believe. that shows growth. if we keep this track in a couple of years there will be 20-50 exchanges all around the world with volume being distributed among them.

Quote from: RapTarX on October 29, 2019, 08:31:51 AM

2. If top 50 people hold 50% of BTC and BTC becomes the global currency, we may face once again the previous era. Being slaver to certain people.

they don't control bitcoin by having (temporarily) a big percentage of the total supply among multiple unlinked exchanges.
bitcoin is PoW not PoS.

franky1

legendary

Activity: 4424

Merit: 4794

if you dont hold the private key, the coins are not yours
a century ago if you dont have actual gold. the bank note promissory note is telling you that you dont own gold.. you dont even own the paper. you just 'bear'(hold/keep) the paper that can be exchanged for gold.

RapTarX

hero member

Activity: 1358

Merit: 851

I have checked the richlist recently, some of them are from exchanges. ~~More than 50% of BTC are holding by the top 50 people or so. Can't remember the amount though.~~ 61% BTC is held by 16237 addresses.
I have two question-
1. Exchanges are being the giant although BTC holding by them are from customers. Still it's possible that they are trying to be a controller of the crypto community which is very bad I guess.

2. If top 50 people hold 50% of BTC and BTC becomes the global currency, we may face once again the previous era. Being slaver to certain people.

Think at from the point of macro economy. In my opinion, it's something we need to talk.

Topic: Bitcoin Richlist - page 2. (Read 363 times)