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Title: how can we solve this problem that a very small people control most of Bitcoin Post by: chinacoinbase on January 13, 2014, 08:26:24 AM HI,
please access this website http://bitcoinrichlist.com/top100 , we know 947 Bitcoin addresses control 50% bitcoins so far. it is too weird for Bitcoin business development. how to fix this problem? Does any one have any fresh idea on that? thanks Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: advtechbg on January 13, 2014, 08:43:36 AM Wow , this is amazing :o
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: BurtW on January 13, 2014, 08:58:05 AM Not sure I understand your problem. What is the problem again?
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: YourMine.org on January 13, 2014, 09:01:24 AM Im curiose as to why anyone would provide such info.
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: BurtW on January 13, 2014, 09:03:25 AM Im curiose as to why anyone would provide such info. I think it is so cool that the #1 account listed is the FBI.Nice site BTW. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: Neb on January 13, 2014, 09:11:04 AM Not sure I understand your problem. What is the problem again? He is talking about the overwhelming control of the larger percentile of bitcoin. More pointedly the fact that 30 (28.9 to be exact) percent is controlled by only 47 addresses, and then the next 20% is controlled by another 900 addresses. This has created the 1% problem that we see with banks, and I believe he was asking if anything could be done about it. Though from a free market base there is no real way to legitimately slove this, unless they spend/donate/transfer this bitcoin, it will stay that way.Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: linuxnewbie on January 13, 2014, 09:15:54 AM It's better just to accept the fact that inequality exists and look for opportunities to profit from it. I think any effort to create a mass movement to redistribute BTC is bound to fail. In the absence of a central authority, you need a consensus to change the rules, but there can be no consensus.
Look at real life examples. Ask 100 people what they think the minimum wage should be. Some will say zero, and the other answers will vary widely. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: Neb on January 13, 2014, 09:17:52 AM It's better just to accept the fact that inequality exists and look for opportunities to profit from it. I think any effort to create a mass movement to redistribute BTC is bound to fail. In the absence of a central authority, you need a consensus to change the rules, but there can be no consensus. Look at real life examples. Ask 100 people what they think the minimum wage should be. Some will say zero, and the other answers will vary widely. Well stated. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: guybrushthreepwood on January 13, 2014, 10:56:46 AM Not sure I understand your problem. What is the problem again? I think he's worried about a small number of people holding most of the wealth like what happens with fiat. I think this kind of thing is only natural really. People will always rise to the top whilst others languish at the bottom and then there's everybody in between. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: Flashman on January 13, 2014, 11:18:28 AM We could set up a luxury food store for bitcoin, then very large people would control bitcoin...
No thanks required I feel obliged to share my great genius for the good of all... ;) Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: b!z on January 13, 2014, 12:46:48 PM Deal with it. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: BlockChainLottery on January 13, 2014, 01:01:02 PM Why fix it? They (probably) got it fair and square. I am, however, very interested if the Bitcoins presumably attributed to Satochi Nakamoto's ever going to be used. That would have a great impact onto the ecosystem.
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: jzcjca00 on January 13, 2014, 01:14:50 PM We could set up a luxury food store for bitcoin, then very large people would control bitcoin... No thanks required I feel obliged to share my great genius for the good of all... ;) How small are we talking? Hobbit small or Borrower small? Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: tommy87 on January 13, 2014, 01:19:05 PM That's not a problem. It's natural.
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: over1977v on January 13, 2014, 01:23:21 PM HI, please access this website http://bitcoinrichlist.com/top100 , we know 947 Bitcoin addresses control 50% bitcoins so far. it is too weird for Bitcoin business development. how to fix this problem? Hopefully as the Bitcoin price rise these big holders spend more coins so the coins are distributed more evenly. And about 40% of Bitcoins still has to be mined, so you can expect these 40% to be distributed to much more people. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: HCLivess on January 13, 2014, 01:25:41 PM That's not a problem. It's natural. Just like in the real worldTitle: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: BurtW on January 13, 2014, 04:01:18 PM I have a solution for you:
Convince everyone you know and everyone you come in contact with to buy as many BTC as they can afford and to accept BTC as payment for their goods and services. You personally should buy as many BTC as you can afford and accept BTC for whatever good or service you provide. All these horrible evil richer than you mother fucking problem people will sell and spend their BTC. Problem solved. Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: solarstone88 on January 13, 2014, 04:03:39 PM They deserve it for actually believing in BTC from the start
Title: Re: how can we solve this problem that a very small people control most of Bitcoin Post by: jzcjca00 on January 13, 2014, 08:32:30 PM They deserve it for actually believing in BTC from the start +1 They took the risks and worked to get us where we are today. By comparison, what have you done for bitcoin over the past five years? |