mb300sd (OP)
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Drunk Posts
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October 02, 2012, 12:12:34 AM |
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Just seeing how many whales we have on the forums. I can't see who votes what, so no reason to hide  |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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stevegee58
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October 03, 2012, 12:17:11 PM |
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Of course such polls are of questionable value anyway. Who's more likely to vote at all? People with more BTC or less? Or something more in the "middle"?
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You are in a maze of twisty little passages, all alike.
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stevegee58
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October 03, 2012, 12:20:44 PM |
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Exactly. It's like a dick size contest where you measure yourself.  |
You are in a maze of twisty little passages, all alike.
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Kitemike
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October 03, 2012, 12:56:35 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
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Desolator
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October 03, 2012, 01:06:59 PM |
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Exactly. It's like a dick size contest where you measure yourself. So it's inaccurate but not nearly as gay? Lol, I guess that's true. Btw I own a whopping 0.08 BTC atm :-D but that will change soon. Also, I did have 41 at one point. |
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chorchonga
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October 03, 2012, 06:56:24 PM |
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Less than two but more than one!
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DannyHamilton
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October 03, 2012, 08:01:34 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner. Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin. Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC). When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth. You just have to wait for bitcoin to gain enough popularity ;-) |
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Nolo
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October 03, 2012, 08:46:56 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner. Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin. Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC). When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth. You just have to wait for bitcoin to gain enough popularity ;-) That's an interesting thought. At what point in the life cycle (in other words market price) of Bitcoin does the Satoshi or for that matter the mbit become the standard? Average Joe Blow out there doesn't like dealing with numbers that have more than two decimal points. |
Charlie Kelly: I'm pleading the 5th. The Attorney: I would advise you do that. Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor? The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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P_Shep
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This is not OK.
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October 03, 2012, 09:03:25 PM |
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Exactly. It's like a dick size contest where you measure yourself. So it's inaccurate but not nearly as gay? Lol, I guess that's true. Btw I own a whopping 0.08 BTC atm :-D but that will change soon. Also, I did have 41 at one point. I did this at Uni once and well.. the girl measuring was hot as fuck... I'm sure that helped me win...  |
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claire
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Capitalism rocks my world.
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October 03, 2012, 09:14:26 PM |
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I spend mine when they come in. And that "90% of the wealth" comment... OMG go figure out how to make your own bitcoin. geesh.
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I Love Bitcoin  1A5jmQcmZamhTeHaEZvtMEpoqrH2SECcxk Phone Domination 888-221-0319 |
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kibblesnbits
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October 03, 2012, 10:04:43 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Then develop "CommieCoin"! Coins are distributed from each according to his abilities, to each according to his needs. Mining operators making over a certain amount would be taxed at say, 75% (vive Le France). These coins would be sent to an elected Parliment (maybe you!) where they can be equally distributed among the needy. After the Parliment's overhead costs, of course. Sign me up, comrade! |
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Desolator
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October 03, 2012, 10:51:43 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Ah, but as more people use bitcoin they will be spread thinner. Someday, perhaps, the standard unit will be a Satoshi instead of a bitcoin. Perhaps pizza will cost 5,000 Satoshi, and the average person will hold about 1,000,000 Satoshi (about 0.01 BTC). When there are that many people using it and it is spread that thin (assuming that you haven't lost/spent the BTC that you have right now), you will be in the top 10% and will have significant wealth. You just have to wait for bitcoin to gain enough popularity ;-) oh hell no! lol. Okay, not completely. I'm just saying, most investors move things around and keep like 5% gold in their portfolio and do graduated risk level segments and all that crap and think they're so clever. What they forget to do is also sell off some of their non-USD assets and pocket it as the price goes up. You can always re-buy. It's not really hedging your portfolio if all you do is watch the numbers go up without doing anything about it. If the economy tanks, kiss almost every category goodbye somewhat evenly, lol. If I had 10,000 BTC, 1,000 of them would have been sold as soon as it stabilized at $12 for a week or two. At $13, I'd sell another 500 and probably 250 more at every dollar raise that stays level for a week or more. Nobody knows what's really going to happen at the 25 BTC split and when ASICs come out but there are strong arugements each way. That's why I'd have half my BTC off the market by then just in case. If it goes up, you win, just slightly less. If it goes down, you also win because you pulled half of them early at a high price. |
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bg002h
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I outlived my lifetime membership:)
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October 04, 2012, 02:26:16 AM |
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I sold a bunch at $18 a piece and kept the rest. If Bitcoin crashes, I won't feel like I missed out on the cash...I kept a bunch as well, so if Bitcoin takes off, I won't be upset for having sold out. I got mine for basically nothing...back when CPU mining was possible, even on a laptop.
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BrannigansLaw
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October 04, 2012, 06:30:17 PM |
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I own 0.0119% of the entire bitcoin currency. Shit yeah.
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tonto
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October 04, 2012, 08:15:57 PM |
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meebs
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October 05, 2012, 01:34:03 AM |
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I own 0.0119% of the entire bitcoin currency. Shit yeah.
you are the .01%! |
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Sitarow
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October 05, 2012, 03:46:34 AM |
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I own 0.0119% of the entire bitcoin currency. Shit yeah.
you are the .01%! 1%. Have to start somewhere. |
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pretendo
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October 05, 2012, 07:19:20 AM |
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We have 14 people with over a million dollars worth of bitcoins?
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The_Duke
Sr. Member
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Lead Core BitKitty Developer
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October 05, 2012, 08:35:41 AM |
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We have 14 people with over a million dollars worth of bitcoins?
I thought TBF only had like 6 people on the board? Even if they all got to vote twice, that still wouldn't add up!  |
NOT a member of the so called ''Bitcoin Foundation''. Choose Independence!
Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
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johnyj
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Beyond Imagination
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October 05, 2012, 01:51:36 PM |
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It's just like everything else, more than 90% of the wealth is held by less than 10% of the people (and I'm in the wrong 10%).
Good observation, this is always the case, even if you distribute the coin very evenly from the beginning, at the end some people will end up with more and more coins and some people will even have a debt, the income/spending habit is different for each person, seems that we can not really do a lot about it, just ensure the poorest people have a decent life maybe |
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