No it isn't:
http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=305000
96.04% of addresses have shit nothing, few have even 1 BTC. It's a joke, it really solves shit nothing when it comes to equality. But it's always the same tho, whoever gets first makes the big gains, the rest of us just miss the boat and stay depressed for not being in the right moment at the right time. It is great tho, for trying to evade taxes, moving money around the world, recieving payments easy, and so on and so on (but for this I would use an anonymous coin like Monero, anyway).
Topic: Is Bitcoin Fair? - page 2. (Read 1648 times)
do u think Bitcoin culd be called fair?
~CfA~
~CfA~
Yes. Bitcoin is the coin with the best distribution, where the top 100 richest addresses hold less than 20% of all the coins (and that's including Satoshi's huge stash).
http://bitinfocharts.com/bitcoin/
Most altcoins are at about 50%, although it could be argued that, since they were released in a period were considerably more people are aware of cryptocurrencies, they may in a way be more fair.
do u think Bitcoin culd be called fair?
~CfA~
~CfA~
obviously
do u think Bitcoin culd be called fair?
~CfA~
wrong its not 'fair', but thats why i love it to be honest.
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
http://www.cryptocoinsnews.com/news/owns-bitcoins-infographic-wealth-distribution/2014/03/21
It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million, which also helps create an unequal distribution of wealth. Interestingly, the FBI had the second largest known stash of bitcoins, a whopping 174,000 BTC from the Silk Road seizure.
BITCOIN is the best. Keep the rich rich and let dem Average Joe slaves hype up my riches.
~CfA~
~CfA~
Yes its fair, in fact one of the most fair currencies out there.. or i dont know what are you triying to say with "fair"
wrong its not 'fair', but thats why i love it to be honest.
http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12
http://www.cryptocoinsnews.com/news/owns-bitcoins-infographic-wealth-distribution/2014/03/21
It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million, which also helps create an unequal distribution of wealth. Interestingly, the FBI had the second largest known stash of bitcoins, a whopping 174,000 BTC from the Silk Road seizure.
BITCOIN is the best. Keep the rich rich and let dem Average Joe slaves hype up my riches.
~CfA~
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