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Author Topic: And they are worried bitcoin wealth is too concentrated  (Read 464 times)
hector3115
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January 20, 2016, 03:04:11 PM
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How about this link:

http://www.marketwatch.com/story/wealth-inequality-is-100-times-worse-than-income-inequality-2016-01-19?link=MW_home_latest_news

The 4 richest holders of us dollars equals the bottom 40% of people.  LOL!
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January 20, 2016, 03:42:59 PM
 #2

How about this link:

http://www.marketwatch.com/story/wealth-inequality-is-100-times-worse-than-income-inequality-2016-01-19?link=MW_home_latest_news

The 4 richest holders of us dollars equals the bottom 40% of people.  LOL!

The distribution of the wealth and the richness are a very old discussion in the point of view what is right and is wrong or what must be right or what must be wrong in this direction. Today is true that exist people who have money to make the life they want for tens of generations if the money they have are managed properly. If the money are earned with honest work cannot be told and discussed nothing in this direction about their owner. Being those normal money or bitcoin. No one can blame Bill Gates. Even if he wouldn't donated most of its wealth. Everything earned with him was made in the light of the day. The same for Satoshi Nakamoto or some other like him. They had invented or believed in something and the time gave reason on their invention or trust. In few words the use of richness had with honest work as a weapon from anyone is pure speculation. Who blame such kind of wealth is only a poor envious that must be leaved on its problem and its own. Giving to him much more than this importance will make it to feel better and to begin the thinking of the next bad thing.
hector3115
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January 20, 2016, 04:03:51 PM
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For the record, I certainly dont blame the 4 guys, more power to them.  But anyone who argues Bitcoin wealth is too concentrated in too few can just look at this stat and see it is not as bad as the US Dollar.

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January 20, 2016, 05:56:20 PM
 #4

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

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inca
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January 20, 2016, 06:08:12 PM
 #5

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

Hey aren't you that guy who sold his coins for 10$? LOL
hector3115
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January 20, 2016, 06:12:53 PM
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Where do you get that 2 or 3 people hold 99% of bitcoins?  Thin air? 
Hunyadi
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January 20, 2016, 06:26:22 PM
 #7

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...


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January 20, 2016, 06:32:02 PM
 #8

Only 62 individuals are equally wealthy as 3.5 billion people, 50% of the worlds population. few years ago that number was 388 individuals...

At some point only a handfull of ppl own more than the 50%  Angry

This is sickening, this needs to be stopped!

http://content1d.omroep.nl/urishieldv2/l27m6c49061f315423ed00569fce0e000000.5de159b641d15457b2940065464c4fde/nos/docs/180116_rapport_oxfam_rijkenarm.pdf




NorrisK
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January 20, 2016, 06:32:56 PM
 #9

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

Too bad your argument is bullshit as usual.. 2 or 3 people holding 99% of bitcoin would mean that they would hold almost 15 million bitcoins.

Even if you include satoshi, that just isn't near the truth.

This means that the bitcoin wealth is more distributed than the US dollar wealth in terms of how many people are holding a certain amount of coins / money.

Chef Ramsay
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January 20, 2016, 06:33:28 PM
 #10

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...


hahahahahah Cheesy
Amph
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January 20, 2016, 07:36:08 PM
 #11

Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.

Somebody missed emelemtary calculus...

yes it is if you take into account the marketcap of bitcoin, and the possible future distribution of bitcoin

instead with the dollars it was always like that sinc emany years, not comparable
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