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Title: All coins and this whole market is controlled by TPTB Post by: stickythisshit on November 24, 2015, 05:47:14 PM Once you own and control a big enough amount of something, you can manipulate the market by cheating the function of 'supply and demand'. No coin will go anywhere without the big players allowing it to do so.
The blockchains speaks for themselves: (provided by bitinfocharts.com) Top richest from 1 – 10 Bitcoin: 5.57% of Total Litecoin: 26.84% of Total Dogecoin: 28.76% of Total Dash: 7.91% of Total Peercoin: 34.11% of Total Namecoin: 50.75% of Total Blackcoin: 38.76% of Total Novacoin: 41.14% of Total Vericoin: 32.99% of Total Megacoin: 49.07% of Total Worldcoin: 44.36% of Total Auroracoin: 57.23% of Total Vertcoin: 50.26% of Total Paycoin: 28.60% of Total Quarkcoin: 43.77% of Total […] Top richest from 1 – 100 Bitcoin: 19.88% of Total Litecoin: 49.53% of Total Dogecoin: 45.19% of Total Dash: 17.53% of Total Peercoin: 58.92% of Total Namecoin: 75.29% of Total Blackcoin: 70.09% of Total Novacoin: 67.17% of Total Vericoin: 71.93% of Total Megacoin: 76.90% of Total Worldcoin: 73.52% of Total Auroracoin: 78.26% of Total Vertcoin: 73.67% of Total Paycoin: 81.00% of Total Quarkcoin: 70.58% of Total […] Top richest from 1 – 1000 Bitcoin: 37.11% of Total Litecoin: 77.21% of Total Dogecoin: 67.88% of Total Dash: 35.70% of Total Peercoin: 89.36% of Total Namecoin: 91.71% of Total Blackcoin: 94.34% of Total Novacoin: 92.06% of Total Vericoin: 99.26% of Total Megacoin: 86.14% of Total Worldcoin: 95.18% of Total Auroracoin: 89.36% of Total Vertcoin: 92.42% of Total Paycoin: 97.06% of Total Quarkcoin: 90.56% of Total […] It should be noted that Dash looks comparatively better but thats only because of the masternode incentive to split into multiple wallets. Some interesting quotes from early Dash thread: https://bitcointalk.org/index.php?topic=421615.msg5028975#msg5028975 Title: Re: All coins and this whole market is controlled by TPTB Post by: USB-S on November 24, 2015, 06:21:05 PM If we divided all the money in the world equally, in a short time the rich would be rich again, and the poor would be poor. Just the nature of how things work.
Title: Re: All coins and this whole market is controlled by TPTB Post by: Spoetnik on November 24, 2015, 07:04:33 PM If we divided all the money in the world equally, in a short time the rich would be rich again, and the poor would be poor. Just the nature of how things work. yup there is actually a scientific mathematical formula for this. And i noticed one glaring commission OP.. how do you possibly discuss this with out Millionaire Bag Holder Lunatic Shill Spammer reptiela / Risto ? Title: Re: All coins and this whole market is controlled by TPTB Post by: Spoetnik on November 24, 2015, 07:05:11 PM If we divided all the money in the world equally, in a short time the rich would be rich again, and the poor would be poor. Just the nature of how things work. Total bullshit. That's stupid. Get educated kid . Title: Re: All coins and this whole market is controlled by TPTB Post by: EvilDave on November 24, 2015, 10:57:22 PM The scientific mathematical formula is called a Pareto distribution, and it turns up in a lot of statistics:
http://betterexplained.com/articles/understanding-the-pareto-principle-the-8020-rule/ (easy version) https://en.wikipedia.org/wiki/Pareto_distribution (hard version) And, if anyone cares, I checked the numbers for Nxt: 1-10 own 22.4%, 1-100 own 67.9% 1-500 own 89% (and,yeah, I know, it should be 1-1000, but I have only the top 500 at hand right now) |