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Topic: Coin distribution vs community size - page 2. (Read 3861 times)

hero member
Activity: 532
Merit: 505
March 29, 2011, 02:44:23 AM
#3
what i don't get is, what this has todo with fairness?
"wealth-distribution" will never be fair, no matter what currency we use.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
March 29, 2011, 02:29:43 AM
#2
Quote
Quote
The fact that 25% of BTC are already in circulation, but far less than 0.1% of Bitcoin's ideal mature community is here...

Not sure what that means maybe my English fails me here...

For your information 0.1% of 5 000 000 is 5000. Maybe you could clarify what "facts" you are referring to?

Sure.

25% of BTC... this is fairly easy to establish.  Circulation 5.778M / 21M = 27.5%, a more accurate number.

"Mature community" is just a guess.  Take your own guess.  When Bitcoin is a mature currency, seen by the world as being like gold or some other asset - how big will the Bitcoin community be?  Ten million?  A hundred million?

There's 5,264 people registered on the forums, and perhaps several times that who use Bitcoin but who do not use the forum.  I used the number 0.1% as a guess, it could just as easily be 0.01% or 1%.  This number represents the proportion of the people here NOW versus the people who will use Bitcoin at some point in the future.

Whatever the number is, it's far less than 27.5% of the population of the industrialized world, and far smaller than how big the community will have to be for BTC quotes to appear, say, in the Wall Street Journal or on CNNMoney.com next to quotes for gold and oil and pork bellies.

vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
March 29, 2011, 02:09:33 AM
#1
Thought I would present this in the form of a poll.
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