I wanted to start this topic as a tip for fellow newbies who are trying to secure their btc from an online wallet to an offline source. I had some trouble with this when first starting out and it was a bit frustrating so I wanted to give everyone a look-see at the method I used. It was very easy to do.

This can be confusing and nerve-wracking to do, if you have never done it before. This is what I have done:

The one-time operation of setting up an offline-only brainwallet/paperwallet:

1. put a new USB stick into computer A (online machine)
2. Go to https://www.bitaddress.org/bitaddress.org-v2.4-SHA1-1d5951f6a04dd5a287ac925da4e626870ee58d60.html
3. right click on the page and Save as.. -> Webpage, complete
4. Download this onto the USB stick as well: https://www.strongcoin.com/downloads/offlineTransaction.zip
5. remove the USB stick from the online computer, and put it into computer B (offline computer. For this, I just use a Raspberry Pi)
6. Open The bitaddress.org page on the offline machine, and go to the brain wallet tab.
7. Create an alphanumeric passphrase, which generates your public/private keypair.
8. Save the public key (your wallet's address) into a file on the USB stick, and call it publicKey.txt (or whatever you want)
9. Write down the passphrase that you used to generate the public/private keypair and put the paper in a safe, safe deposit box, treasure chest that you bury in your backyard, or wherever else you like (or, if you're sufficiently paranoid, just remember it)

Done and done,

I'm aware that the people who bought in when Bitcoin was only $1 or so were definitely early adopters. But statistically, do the majority of bitcoins belong to only a few small hands. Because if it did, that would suggest there are already a few very very rich individuals and less room for adopters to hitch a ride on the train.

I've been doing some reading and apparently the top 200,000 keys, that is keys containing at least 1 BTC are spread out across 99% of all bitcoins in existence. What does this mean exactly? Does it mean that the majority of users DO NOT have at least 1 BTC? What do you guys think?