I thought the whole purpose of crypto was to pay with 1 universal coin. The tokens i can understand as having business value. But to just have a coin which only represents the distance to the moon with no usecase and solely for that purpose be worth $1, I cant see it.
Mind you: this is not to offend anyone in any case. I am just trying to figure things out
It's a common bias.
It's like to say that the whole purpose of traditional currencies was to pay with 1 currency (e.g. with $).
The world economy needs many currencies to be stable, not to depend on one center which issues the currency.
You know, the single point of failure.
Besides, if you mean BTC, just answer one simple question: how many BTCs does usually one person own? Not more than 10 BTC, and for not rich countries usually is even less, even not more than 1 BTC.
And now look at the distribution of BTC addresses (rich list):
only 11 % of coins are on addresses with 0-10 BTC per one address, and only 3% of coins are on addresses with 0-1 BTC.
That means that all common people (combined) own only 3% of BTC, do you believe that it is normal or fair?
Another question which you have to answer: there are several billion people in the world, if the whole purpose was to pay with 1 currency,
what supply should this currency have? 0.003 coins per person?
As for tokens, in some cases they really can have business value, only if they are linked to real businesses with profit,
and if this business somehow pays dividends to token owners, though in this case these tokens are securities and cannot be traded at Altcoin exchanges. If you look at tokens/ICOs, they usually don't provide a working business solution or real dividends,
they usually are just tokens, with no working solutions at all, they only promise them.
Logically, there are 2 variants:
1) tokens which are just tokens with no business value
2) tokens which have business value and they are securities with all legal issues after that.
data for bitcoin distribution may have problems when you consider that most users will never use the same address two times in a row plus any change address. So the result is that many smaller addresses make up the total number of bitcoins someone may hold. I realize this does not apply to everyone but you will not be able to determine what percentage of the data represents these scenarios, can you?