OP - Where did you get the data from and how authentic are the numbers. I am not sure if this numbers are right. May be to partial extent that may be correct as the top people who would have created including Satoshi would own the good amount of btc and rest may just be some distorted facts.
Topic: Question really stuck me! (Read 1476 times)
I always been very interested in Bitcoin, being merely open-source software code, is a powerful idea and tool to counteract evils of fiat monetary system. But what if bankers are the ones that created Bitcoin in the first place?
47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
If so, that's a lot scarier than Wall Street's biggest wet dreams. The Banksters a handful of rich bastards don't deserve to control the rest of the world. All humans are equal, meaning we are all made of flesh and blood, therefore nobody has any right to control anyone else. We all have the right to exist freely, meaning no small group has any actual authority over the masses.
Rafi
47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
If so, that's a lot scarier than Wall Street's biggest wet dreams. The Banksters a handful of rich bastards don't deserve to control the rest of the world. All humans are equal, meaning we are all made of flesh and blood, therefore nobody has any right to control anyone else. We all have the right to exist freely, meaning no small group has any actual authority over the masses.
Rafi
for saving bit coins more wallets are introduced. actually money converting into bit coins form. bitcoins wallets are not show how many bit coins has in our accounts. it is more secure compare to banks. now a days most of the people converting their money into bit coins. so probably bit coins getting into more demand.
Thanks Fellows for your wisdom and kindness. My fears were legitimate, having developed a successful career in Banks but lost my job in the recession, following the 2008 financial crash was the catalyst for my research into INJUSTICE, the answers shocked me, profits are privatised, losses are socialised and moral hazard runs pandemic. My objective is to defeat the Banksters. Bitcoin would provide people of the world Justice and restitution. We no longer have to suffer the humiliation of a global two tier justice system in silence, it's time for Bitcoin. Again, Thank you.
Sad to hear about your past. Don't worry mate, you will get more success in the future than your old bank job. Just keep working hard and believe in bitcoins. One day this bitcoin will change your fortune, including me
yes you're making sense here
Thanks Fellows for your wisdom and kindness. My fears were legitimate, having developed a successful career in Banks but lost my job in the recession, following the 2008 financial crash was the catalyst for my research into INJUSTICE, the answers shocked me, profits are privatised, losses are socialised and moral hazard runs pandemic. My objective is to defeat the Banksters. Bitcoin would provide people of the world Justice and restitution. We no longer have to suffer the humiliation of a global two tier justice system in silence, it's time for Bitcoin. Again, Thank you.
Sad to hear about your past. Don't worry mate, you will get more success in the future than your old bank job. Just keep working hard and believe in bitcoins. One day this bitcoin will change your fortune, including me
I feel much better after reading your reply..thank you so much mate.
But I am pretty jobless, so I can't keep working hard
Don't forget that the fact that there are loaded addresses on the blockchain doesn't mean that they belong to a single person. THat's a common mistake made by newbies. ...
The BTC address with the biggest balance fits exactly your description.
https://bitinfocharts.com/de/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
It is the coldwallet of Bitfinex and therefore contains the balances
of thousands of users. I´d argue that some of the other really "loaded" addresses are also exchange coldwallets (Coinbase,
Gemini, Bitstamp...).
However, there are probably also some individuals, who own a ton of Bitcoins. The Winklevoss twins and guys like
Roger Ver come immediately to mind. According to several reddit posts Ver alone is owning more than 100000 BTC (if
these reddit posts are considered a reliable source of information).
Thanks Fellows for your wisdom and kindness. My fears were legitimate, having developed a successful career in Banks but lost my job in the recession, following the 2008 financial crash was the catalyst for my research into INJUSTICE, the answers shocked me, profits are privatised, losses are socialised and moral hazard runs pandemic. My objective is to defeat the Banksters. Bitcoin would provide people of the world Justice and restitution. We no longer have to suffer the humiliation of a global two tier justice system in silence, it's time for Bitcoin. Again, Thank you.
Sad to hear about your past. Don't worry mate, you will get more success in the future than your old bank job. Just keep working hard and believe in bitcoins. One day this bitcoin will change your fortune, including me
Thanks Fellows for your wisdom and kindness. My fears were legitimate, having developed a successful career in Banks but lost my job in the recession, following the 2008 financial crash was the catalyst for my research into INJUSTICE, the answers shocked me, profits are privatised, losses are socialised and moral hazard runs pandemic. My objective is to defeat the Banksters. Bitcoin would provide people of the world Justice and restitution. We no longer have to suffer the humiliation of a global two tier justice system in silence, it's time for Bitcoin. Again, Thank you.
You must have a very sad story and I sympathized with you. Now, we are living in reality. I don't think it is a good idea to maker it your personal passion to fight the bankers. I mean, they have a role in our society and while that role has not yet been transferred to cryptocurrency we still need them. They have the money and the control and soon these banks can even be joining and cooperating with blockchain technology...and no one can really stop them to be a part of the blockchain since this is all a decentralized thing.
Thanks Fellows for your wisdom and kindness. My fears were legitimate, having developed a successful career in Banks but lost my job in the recession, following the 2008 financial crash was the catalyst for my research into INJUSTICE, the answers shocked me, profits are privatised, losses are socialised and moral hazard runs pandemic. My objective is to defeat the Banksters. Bitcoin would provide people of the world Justice and restitution. We no longer have to suffer the humiliation of a global two tier justice system in silence, it's time for Bitcoin. Again, Thank you.
Quote
But what if bankers are the ones that created Bitcoin in the first place?
I find this kind of idea very absurd and I think all of us here in this forum knows why. If bankers are the ones who created and introduced Bitcoin then why are we saying that banks are afraid of Bitcoin? I have not seen a bank who pioneered the adoption of Bitcoin, in the first place.
Maybe OP has such a wild imagination and I do like it anyway. Now, the next question is this: WHAT if bankers are not the ones who created and introduced Bitcoin? On thing is sure...this forum is now riddled with so many non-sense post and I think it is time we try to clean it up. This is supposed to be a very good forum for Bitcoin but is now being abused by non-sense posts.
Please forgive my rant.
47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
It's impossible to prove this data. Nobody knows how many people own BTC.
Everybody I know has several wallets...
Regarding your poll, I'm not sure to understand it. It should say Yes or No, but it says 1 or 2.
Don't forget that the fact that there are loaded addresses on the blockchain doesn't mean that they belong to a single person. THat's a common mistake made by newbies. They see raw data and think those "people" will dump and influence the price.
In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
This is really a valid point because some of this wallet are equally owned by gambling sites in the case of those having high bank roll or exchange sites that the coins is not even their own but hold in trust for other people. Which means part of the 1percent masses have their funds spread to other part of the higher category. Also, the people involved by default their ideologies is not wealth creation as most of them got the mass of the bitcoin as compensation and because they believed in it. Even as at the price that could make them millionaires in today's world, none of them have tried to get the fame for themselves. In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
Don't forget that the fact that there are loaded addresses on the blockchain doesn't mean that they belong to a single person. THat's a common mistake made by newbies. They see raw data and think those "people" will dump and influence the price.
In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
Good point, I didn't consider that in my rant. Yes, I guess the hotwallets of major exchanges and the wallets of institutional investors might look a little daunting to someone that can't read the block chain so good
but as you have said, it's pretty plain if the wallet is active in that way; that is if there is a grip of activity to a wide range of addresses. I think it would still mean pretty much the same to the community; a lot of coins moving at one time has more potential for harm than good. Whatever the reason that would cause a mass exodus of coins, you can bet the price would react immediately and violently.Let some of those old coins start moving. I'm dropping this thing like a hot potato, LOL.
Don't forget that the fact that there are loaded addresses on the blockchain doesn't mean that they belong to a single person. THat's a common mistake made by newbies. They see raw data and think those "people" will dump and influence the price.
In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
In reality some of those addresses (like Satoshi's) weren't used for a very long time. Their owners might be dead or lost their private keys.
Some other addresses store coins that belong to hundreds of people (exchange cold wallets, corporate addresses).
I always been very interested in Bitcoin, being merely open-source software code, is a powerful idea and tool to counteract evils of fiat monetary system. But what if bankers are the ones that created Bitcoin in the first place?
Seems unlikely. Most early Bitcoiners seem to have a cypherpunk / open source / liberal background, with a lot of focus on cryptography / code and with comparably little focus on finance / economy. If bankers were involved from the very beginning we'd have a very different rhetoric and very different people. Also they wouldn't be struggling to shoehorn blockchains into their existing systems as they do now.
I'm not saying that there are no bankers amongst the early adopters. I'm sure there's a couple of bankers and people from the financial industry that saw Bitcoin's potential early on. But I doubt that they were there from the beginning. That was mostly a very special breed of nerds <3
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
Wealth disparity is expected as only very few people entered Bitcoin early. Even today I guess more than 95% of people on earth don't own a single Satoshi. Probably never will. However I assume that for most people that got wealthy due to Bitcoin it was a once in a lifetime opportunity and not yet another investment by someone who already was rich in the first place.
Apart from that, most wealth that got accumulated by Bitcoiners is still nothing compared to actually rich people. Bitcoins complete market cap has not even reached Warren Buffett's estimated net worth yet.
Well stated. While wealth is concentrated in a few wallets, the ideals that used to rule this space are kinder than the ideals that rule our traditional markets. The folks holding those coins are aware of the import of said coins.
The largest holders are founders; namely Toshi, and he is aware, like ALL of us are aware, that his coins are the basis of the trust. If those coins ever move, chaos will ensue and we will fall to an alt. Most likely ethereum. His faith in the face of his nature is noble. What must it feel like to be one of the richest people in the world, but to understand that to collect your wealth, you would have to destroy your opus, his swan song, and ruin the fortunes of all of those that believed? It's obvious to me that the still living Satoshi, and his silence/inactivity, is a reassurance.
Tldr: those coins will never move, they are dead to us, so that we may live as a whole.
I always been very interested in Bitcoin, being merely open-source software code, is a powerful idea and tool to counteract evils of fiat monetary system. But what if bankers are the ones that created Bitcoin in the first place?
Seems unlikely. Most early Bitcoiners seem to have a cypherpunk / open source / liberal background, with a lot of focus on cryptography / code and with comparably little focus on finance / economy. If bankers were involved from the very beginning we'd have a very different rhetoric and very different people. Also they wouldn't be struggling to shoehorn blockchains into their existing systems as they do now.
I'm not saying that there are no bankers amongst the early adopters. I'm sure there's a couple of bankers and people from the financial industry that saw Bitcoin's potential early on. But I doubt that they were there from the beginning. That was mostly a very special breed of nerds <3
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
Wealth disparity is expected as only very few people entered Bitcoin early. Even today I guess more than 95% of people on earth don't own a single Satoshi. Probably never will. However I assume that for most people that got wealthy due to Bitcoin it was a once in a lifetime opportunity and not yet another investment by someone who already was rich in the first place.
Apart from that, most wealth that got accumulated by Bitcoiners is still nothing compared to actually rich people. Bitcoins complete market cap has not even reached Warren Buffett's estimated net worth yet.
I always been very interested in Bitcoin, being merely open-source software code, is a powerful idea and tool to counteract evils of fiat monetary system. But what if bankers are the ones that created Bitcoin in the first place?
47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
If so, that's a lot scarier than Wall Street's biggest wet dreams. The Banksters a handful of rich bastards don't deserve to control the rest of the world. All humans are equal, meaning we are all made of flesh and blood, therefore nobody has any right to control anyone else. We all have the right to exist freely, meaning no small group has any actual authority over the masses.
Rafi
47 individuals own 28.9% of all bitcoins
880 individuals own 21.5% of all bitcoins
10,000 individuals own 24.5% of all bitcoins
1 million individuals own 20.7% of all bitcoins and 4.4% have completely gone missing
Meaning that the wealth disparity in bitcoins is actually WORSE than the wealth disparity between the rich and poor as it stands right now.
Meaning in total those 47+ 880 people own half of the bitcoins in the world, while the other half has to be shared between 1,010,000 people.
Is that true?
If so, that's a lot scarier than Wall Street's biggest wet dreams. The Banksters a handful of rich bastards don't deserve to control the rest of the world. All humans are equal, meaning we are all made of flesh and blood, therefore nobody has any right to control anyone else. We all have the right to exist freely, meaning no small group has any actual authority over the masses.
Rafi
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