What do you think about this comment ?

[mixan]

There will only ever be 21 million bitcoins, and there are over 7 billion people in the world already.

If you own even 1 bitcoin, you already own way more than your 'fair share'...  If you took all the bitcoins that currently exist and divided them among all the people in the world equally, there would only be a little more than 0.002 bitcoins per person.

Yeah, I believe in the future bitcoin will be pushed back a couple decimals too. Or the word bit for 100k satoshis will become more popular instead with price rising.

Or it's value will rise to make those bits more valuable. I am talking $100 per bit.
Now that would be a triumph for bitcoin.

[Meuh6879]

rich (not bitcoin area) have lambo, catle, art drawing, gold bars, suiss account.




they can't sell this to people.




i can sell 1 btc of my stack to many people ... fungeable money is the difference between bitcoin richest ... and normal rich ressource (like stock action).




and, well, bitcoin is more sellable than gold bar ... if you asking. 

[ROT13]

If these stats are somewhat accurate it is a problem, but as a few others have mentioned I'm sure if bitcoin either approaches the previous all time high or becomes more widely accepted as a payment option for general day to day and cost of living expenses this will become far more evenly distributed.

At one point in history Mansa Musa the first owned an estimated half of the worlds gold.  It's history's way that wealth, like water is always looking for ways to slip out of your possession.

[maokoto]

It is scary if it is true. I got somewhat more calm after reading that there is no certain way to know about who holds whatever amount.

If we are going to a world with much Bitcoin significance, rich people will be richer than ever.

[Hugroll]

i doubt its true, if 14million coins has been mined and 880 ppl own ~20% of thats about 3200 bitcoins per person, i higely doubt that there are almost a thousand people with 3200 coins each

[okae]

come on guys, you should know that most of those wallets are exchanges and/or businesses there is nothing to be scared.

this is just another news trying to destabilize bitcoin, don't feed them guys

[doublemore]

I was watching this video : https://www.youtube.com/watch?v=T_hBhymFfm8 then was checking the comments and I found this :




I'd like to hear from you and what do you think about this comment ? is he right or wrong (on the last part )?

Maybe that is the case but what if the price was $250k each or something you think the rich guys could keep holding all that coin.  Maybe they could i dunno but maybe a deflationary system works different.  They cant make % gains on bitcoin so easy.

[NorrisK]

The distribution phase of bitcoin has barerly started with only a fraction of the planet involved in bitcoin.

Besides, it has been time proven that any wealth distribution always ends up with a certain elite owning more than most of the common people. No matter how you start.

[Pab]

 I know thatabout 25% of bitcoin is  owned by very limited number of people,bitcoin is not currency of people from very long time,it is one of the currencys of the world

[knowhow]

Well the big holders arent selling any coin ,meaning the rest is selling and buying them,and for sure there is a group holding the most coins,besides those the exchanges mooves more money then any wallet as we know.

[thejaytiesto]

There's no way to know for a fact how much does a single person own, so for this reason, it's all speculation beyond that. In any case, the fact that we will go through many bubble burst cycles, a lot and I mean A LOT of Bitcoins held by whales will be re-distributed among new buyers because they WILL panic sell. They are going to panic sell a lot of times, and all those times means a lot of different people getting Bitcoins, which means redistribution. At some point tho, there will be an elite of people that own 21 BTC +, and people that don't. Supply and demand, there will always be elites, so stop complaining and buy the damn thing while it's cheap, or cry later.

[zimmah]

I was watching this video : https://www.youtube.com/watch?v=T_hBhymFfm8 then was checking the comments and I found this :




I'd like to hear from you and what do you think about this comment ? is he right or wrong (on the last part )?

Most of those huge "individuals" are cold wallets of big exchanges etc.

A lot is also from satoshi, who's unlikely to use any of them. And even if he does, I'd rather have satoshi be incredibly rich than to have the current billionaires. Satoshi didn't cause the banking crisis, the current billionaires did.

[RoomBot]

I think this is a legitimate question, although there is little analogy to capitalistic ratios, like the "1%," IMO.

In fact, it is the opposite.

Biggest "Bagholders" in BTC are free-thinking visionary risk-takers, while capitalist billionaires are mostly greedy anal exploiters...and/or geniuses.  

(Sorry, I'm watching the US GOP debate ATM....  Supremacy, greed & classicism make me ill.....)

[TTMNewsMJ]

Maybe, they are trying to explain the difference between the rich and the poor individuals in a business world.

[visual111]

you simply can't solve the problem of wealth equity with new money. It's human character. If you want to change it; change humans

[odolvlobo]

There is no distribution problem.

• 1. No owners of Bitcoins (except maybe Satoshi) have enough bitcoins to put them in the list of the richest 10,000 people in the world.
• 2. People tend to confuse money and wealth. Wealthy people generally have very little of their wealth stored as money.
• 3. The distribution will even out eventually. People with a lot of bitcoins will spend them and people with no bitcoins will acquire them.
• 4. Less than ¹/₂₀ of 1% of the world population own 99.9% of all the Albanian leks. Why aren't people clamoring for their fair share of Albanian leks?

And finally, bitcoins are not precious or hard to obtain. If you want to be in the top 10% of bitcoin owners, you merely need to own 10 bitcoins. Sure, that's a lot of money for some people, but if you to be one of the elite, it will cost you.

[quantumgravity]

It will even out as time passes.

[Kakmakr]

Why would the distribution of Bitcoin be different to the distribution of wealth world wide? It's a new technology and early adopters would still have the majority of the coins. The rest would eventually end up based on the wealth distribution, as is with the trend today.

The top addresses are used by big businesses and their shareholders, not individuals. So this is just a FUD statement being made by a ignorant poster.  ^hmf^

[cohnhead]

at first look it does seem distribution is alarming but as most other posters point out distribution should even out as time goes on.

what is kind of interesting is that 4.4 % of all btc is missing....is that a loss rate that can be extrapolated out and expected to be 920,000 when all btc is mined or will the loss rate fall as value rises and more care is taken in not losing them?

Also in addition to the lost btc, isnt there something like 1 million btc held by satoshi nakamoto...and if those never get spent, how does that effect wealth distribution?

[Lover of Coin]

First, the top wallets are exchanges' and organization's.

Second, the distribution will be evener when the top holders sell their coins when the price rises.