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Title: Power (Pareto) laws in BTC--what are they? Post by: evenlydistributingfuture on June 10, 2015, 02:34:50 PM Since Pareto distributions (what's called the 80-20 Rule) and power law(s) factor into so many different industries and cut across so much of society, what might some be in the world of Bitcoin?
I'm curious. I don't know that I have heard of any. I have heard of some 99-1 situations, like how 1% have 99% of all the bitcoins mined so far. (see this link: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/) What are some other power laws that might apply to Bitcoin either now or in the future? Title: Re: Power (Pareto) laws in BTC--what are they? Post by: manselr on June 10, 2015, 04:13:16 PM Bitcoin has no laws on distribution and there is no exact way to know who owns who, but im guessing is pretty uneven. Then again, Satoshi said he doesn't care about coin distribution and had a "get in where you fit in" mentality, in other words, he doesn't care if an early miner got 100.000 BTC in a couple of days in 2009, and someone struggles to get 1 in 2015, the system still functions.
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