|
Title: If you have 100 btc... Post by: Rival on November 12, 2013, 03:59:20 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you.
Think about that for a moment, and then think about how many have been lost forever already. Title: Re: If you have 100 btc... Post by: wobber on November 12, 2013, 04:01:12 PM Some have thousands. A hundred coins in nothing. It's too little to be anything.
Title: Re: If you have 100 btc... Post by: simplydt on November 12, 2013, 04:02:26 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. Title: Re: If you have 100 btc... Post by: wachtwoord on November 12, 2013, 04:04:14 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Title: Re: If you have 100 btc... Post by: MakeBelieve on November 12, 2013, 04:05:06 PM 100BTC = $35250 at the moment. That's not too little for me.
Title: Re: If you have 100 btc... Post by: simplydt on November 12, 2013, 04:08:59 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom. :) Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? Title: Re: If you have 100 btc... Post by: wobber on November 12, 2013, 04:12:23 PM Rival, let's hijack your thread and make a poll. I am very curious how many people have 5,10,50,100 or more BTC.
Title: Re: If you have 100 btc... Post by: Rygon on November 12, 2013, 04:14:11 PM If you want to feel even better about owning 100 coins, look at the Pareto distribution for wealth. If there are millions of people with Bitcoins, an individual with 100 BTC is somewhere in the top 1%.
Title: Re: If you have 100 btc... Post by: notme on November 12, 2013, 04:14:17 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom. :) Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? Take a long hard look at who you call "friends" ;) Title: Re: If you have 100 btc... Post by: wachtwoord on November 12, 2013, 04:14:41 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom. :) Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? Buy what you can now and don't dwell on the past. Buy 21 BTC and have 1-millionth of the all Bitcoins that will ever be created. Or if you're poorer buy 2.1 and have 1-tenmillionth. Having 1-tenmillionth of gold is still ~1000 troy ounces or $1.28M. Not too shabby aye? ;) Title: Re: If you have 100 btc... Post by: Loki8 on November 12, 2013, 04:19:21 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Title: Re: If you have 100 btc... Post by: xan_The_Dragon on November 12, 2013, 04:22:23 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Title: Re: If you have 100 btc... Post by: BurtW on November 12, 2013, 04:25:32 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Title: Re: If you have 100 btc... Post by: MakeBelieve on November 12, 2013, 04:26:55 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Yeah can we have a explanation with some proof please? Title: Re: If you have 100 btc... Post by: wachtwoord on November 12, 2013, 04:31:44 PM If you want to feel even better about owning 100 coins, look at the Pareto distribution for wealth. If there are millions of people with Bitcoins, an individual with 100 BTC is somewhere in the top 1%. Challenge accepted. Say 21M people with Bitcoins (and of course a total of 21M BTC), using Pareto this leads to: Code: 21 M people. So the average person has 1 BTC In the top 20% the average person has 4 BTC In the top 4% the average person has 16 BTC In top top 0.8% the average person has 64 BTC In the top 0.16% the average person has 256 BTC In the top 0.032% the average person has 1024 BTC etcetera. Note that this is these are averages so the lower bound to be in a echelon is lower. So with 21 BTC you are likely still in the top 1-2%. Also note that this is with ONLY 21M Bitcoin holders. There will likely be many, many more :) Title: Re: If you have 100 btc... Post by: Loki8 on November 12, 2013, 04:34:44 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Proof for what? 99% of the world's wealth is owned by 1% of people? or 99% of the bitcoin's wealth is owned by 1% of bitcoiners? What don't you believe? Title: Re: If you have 100 btc... Post by: wachtwoord on November 12, 2013, 04:37:54 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Proof for what? 99% of the world's wealth is owned by 1% of people? or 99% of the bitcoin's wealth is owned by 1% of bitcoiners? What don't you believe? because it's nonsense. Look at my calculation above. The top 0.8% owns 51.2%. Title: Re: If you have 100 btc... Post by: Loki8 on November 12, 2013, 04:53:28 PM because it's nonsense. Look at my calculation above. The top 0.8% owns 51.2%. The distribution always remains very unequal. Title: Re: If you have 100 btc... Post by: BurtW on November 12, 2013, 04:55:22 PM You stated:
99% of the bitcoin's wealth is owned by 1% of bitcoiners. This is a flat out lie. You cannot prove this because it is not true. Title: Re: If you have 100 btc... Post by: BurtW on November 12, 2013, 04:58:00 PM The distribution [of wealth] always remains very unequal. This is true. But, I am curious: It sounds as if you believe something should be done about it. Is that true? If you believe something should be done about it then what do you propose should be done? Title: Re: If you have 100 btc... Post by: wobber on November 12, 2013, 05:02:33 PM Actually one needs very few limited resources to have a sane, wealthy, healthy and happy life.
- Good home, not too big but not small either, maybe with some self-sustainable features like green energy, garden - Technology; TV, cellphone, computers, etc - Cars. one or two, for the family - Some physical silver and gold - A few bitcoins (10 I'd say) - Cash / bank account for emergencies, including medical I'd say that for US 400,000 would be enough. For EU, 150,000 euros are great. Everything people have above this and do not use to make things happen in this world (medical research would be at the top - check how many die each second without basic health services) is just greed. And greed for power, which is the worst, changes one's character in such twisted ways that you are reluctant to call that person human. I saw some cases... Title: Re: If you have 100 btc... Post by: Rival on November 12, 2013, 05:05:25 PM People do not die because no one helps them. They die because of diseases, accidents, genetic issues, poisons, violence, and sometimes just simple old age.
If I were to use your logic, I could claim that I save hundreds of people every day by refraining from killing them. Title: Re: If you have 100 btc... Post by: MaxBTC1 on November 12, 2013, 05:07:59 PM And I'm stuck here with 0.23 :'(
Title: Re: If you have 100 btc... Post by: wobber on November 12, 2013, 05:13:04 PM People do not die because no one helps them. They die because of diseases, accidents, genetic issues, poisons, violence, and sometimes just simple old age. If I were to use your logic, I could claim that I save hundreds of people every day by refraining from killing them. How many accidents can you prevent with knowledge and research (seat belt saves lives you know) Diseases - see what i said about research. Violence - is mainly because of the poor distribution of wealth. Thefts and robberies. Title: Re: If you have 100 btc... Post by: Loki8 on November 12, 2013, 05:14:18 PM You stated: 99% of the bitcoin's wealth is owned by 1% of bitcoiners. This is a flat out lie. You cannot prove this because it is not true. Oh... It's just an expression to say that the world's wealth and the bitcoin's wealth are very unevenly distributed. Title: Re: If you have 100 btc... Post by: Loki8 on November 12, 2013, 05:15:09 PM The distribution [of wealth] always remains very unequal. This is true. But, I am curious: It sounds as if you believe something should be done about it. Is that true? If you believe something should be done about it then what do you propose should be done? Take a look at new innovative coins like eMunie or OpenUDC, the distribution of wealth is much less unequal and much more thought out. Title: Re: If you have 100 btc... Post by: Arksun on November 12, 2013, 05:16:03 PM It is a fascinating thing to think about, when we know the exact maximum finite amount of Bitcoins.
Assuming Bitcoin really did takeoff and go mainstream to be used by hundreds of millions of people, that puts even those who own just 1 Bitcoin in a strong position. And for those who own the most Bitcoins, in terms of FIAT, billionares? trillionares?. Title: Re: If you have 100 btc... Post by: Alty on November 12, 2013, 05:38:40 PM Maybe bitcoin could create the first ever trillionaire!
Title: Re: If you have 100 btc... Post by: Rival on November 12, 2013, 05:42:03 PM When btc are a million dollars each, owning a coin will not make you a millionaire, it will make you a single-aire.
Title: Re: If you have 100 btc... Post by: BurtW on November 12, 2013, 06:57:20 PM Take a look at new innovative coins like eMunie or OpenUDC, the distribution of wealth is much less unequal and much more thought out. eMunie does look interesting. At least it is not just another Bitcoin clone pump and dump shit coin.From what I can tell OpenUDC looks like a huge SNAFU but all I could find was French pages that had to be translated into English. Voting on money creation, hmmmmm... Created by a committee of French socialists, hmmmmm... Title: Re: If you have 100 btc... Post by: beetcoin on November 13, 2013, 06:48:42 AM Actually one needs very few limited resources to have a sane, wealthy, healthy and happy life. - Good home, not too big but not small either, maybe with some self-sustainable features like green energy, garden - Technology; TV, cellphone, computers, etc - Cars. one or two, for the family - Some physical silver and gold - A few bitcoins (10 I'd say) - Cash / bank account for emergencies, including medical I'd say that for US 400,000 would be enough. For EU, 150,000 euros are great. Everything people have above this and do not use to make things happen in this world (medical research would be at the top - check how many die each second without basic health services) is just greed. And greed for power, which is the worst, changes one's character in such twisted ways that you are reluctant to call that person human. I saw some cases... you mean 400,000 in assets with no income? because 400,000 is not nearly enough, especially if you are living in a city. Title: Re: If you have 100 btc... Post by: DeathAndTaxes on November 13, 2013, 07:14:26 AM When btc are a million dollars each, owning a coin will not make you a millionaire, it will make you a single-aire. No it will make you a billionaire (a billion satoshis that is). Title: Re: If you have 100 btc... Post by: BitchicksHusband on November 13, 2013, 10:04:23 AM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Yeah can we have a explanation with some proof please? https://bitcointalk.org/index.php?topic=316297.0 Title: Re: If you have 100 btc... Post by: techstorm2 on November 13, 2013, 11:31:10 AM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom. :) Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? They are funny though!! ;D Title: Re: If you have 100 btc... Post by: techstorm2 on November 13, 2013, 11:34:18 AM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. 99% of the world's wealth is owned by 1% of people. 99% of the bitcoin's wealth is owned by 1% of bitcoiners. Just reading a great book "the creature from jekyll island" about the creation of the Fed in 1913, at that time 25% of the world wealth was in the hands of less than 10 people! scary stuff. well worth a read. Title: Re: If you have 100 btc... Post by: Eternity on November 13, 2013, 11:35:06 AM Rates of bitcoins are rising like hell
Title: Re: If you have 100 btc... Post by: bythesea on November 13, 2013, 11:51:42 AM When btc are a million dollars each, owning a coin will not make you a millionaire, it will make you a single-aire. And that will never happen. Title: Re: If you have 100 btc... Post by: johncarpe64 on November 13, 2013, 12:40:51 PM If I have 100 BTC, I will hold it until 10,000$ each and sell it :)...
Title: Re: If you have 100 btc... Post by: klmist on November 13, 2013, 01:51:23 PM Rival, let's hijack your thread and make a poll. I am very curious how many people have 5,10,50,100 or more BTC. You can get some sort of an idea from this report; http://www.klmist.com/keysreport.html - updated daily. The top-owners report http://www.klmist.com/topowners.html is also enlightening - not updating currently. Title: Re: If you have 100 btc... Post by: jeppe on November 13, 2013, 05:53:25 PM i only think there are 20k with 100 BTC ATM but there will be so manny more wallets that have been lost :/
Title: Re: If you have 100 btc... Post by: mises on November 13, 2013, 09:07:00 PM Who has the record for most BTC owned?
Title: Re: If you have 100 btc... Post by: BurtW on November 13, 2013, 11:11:32 PM Who has the record for most BTC owned? The most BTC at a single address is owned by the FBI. However, this is just the most BTC at a single address. The largest holder of BTC would probably have their holdings spread across many addresses for safety, security and privacy reasons.https://bitcointalk.org/index.php?topic=295302.msg3425987#msg3425987 Note that the #1 address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH with 144336.40430282 BTC is the BTC confiscated from DPR by the FBI. Here is some more information along these lines: https://bitcointalk.org/index.php?topic=321265.0 And here: https://bitcointalk.org/index.php?topic=316297.0 Title: Re: If you have 100 btc... Post by: smoothrunnings on November 14, 2013, 11:55:39 AM Sorry you lost me at if 21M people had 1 BTC each, how do you figure that anyone else would have any BTC's when there can only be 21M BTC's ever? If you start dividing them out then the top 21M people don't have 1BTC each they have less than 1BTC.
Title: Re: If you have 100 btc... Post by: Liquid on November 14, 2013, 01:37:26 PM Sorry you lost me at if 21M people had 1 BTC each, how do you figure that anyone else would have any BTC's when there can only be 21M BTC's ever? If you start dividing them out then the top 21M people don't have 1BTC each they have less than 1BTC. 0.003 BTC each if bitcoin was evenly distributed to every human on earth http://www.worldometers.info/world-population/ Title: Re: If you have 100 btc... Post by: DoomDumas on November 21, 2013, 12:39:07 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. You should have put it that way when they cost $10 each. Now its too expensive for me to buy 100 btc (expensive as in i dont have the money, not that the price itself is expensive), because as you put it, if it ever becomes mainstream, then being in the top 0.0035% of bitcoin holders would be priceless. These things have been posted many times when the price was lower than $10. Fair enough, unfortunately I wasnt here to read these words of wisdom. :) Why does important crap like this never get to my Facebook page, instead I get pictures of lol catz and dogs... wtf?!? That's why I dont have a facebook account, it's a waste of time ! Title: Re: If you have 100 btc... Post by: crazy_rabbit on November 21, 2013, 12:52:10 PM If you already have 100 BTC there will never be more than 210,000 people who have more bitcoins than you. Think about that for a moment, and then think about how many have been lost forever already. What a great way to think of it! |