[2016-08-08] themerkle.com-Eight In Ten Bitcoins Are Distributed Fairly

[Strongkored]

Eight In Ten Bitcoins Are Distributed Fairly

Many people often wonder how the existing supply for Bitcoin is distributed. There were some miners in the early days who hold tens of thousands of BTC. However, some wallets have been lost or corrupted, and not all of the stored funds will be made accessible again. According to Bitcoin Rich List, the distribution of Bitcoin is not overly unbalanced.

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[Das]

People were skeptical about the future of bitcoins considering the fact that once a coin is lost, it can't be regained back. This will put the minds of late adopters at rest.

[Strongkored]

People were skeptical about the future of bitcoins considering the fact that once a coin is lost, it can't be regained back. This will put the minds of late adopters at rest.

Yeah, but I think it was necessary. Because bitcoin scam  of the possibility is always there (which I do not want it) but the chances of that happening is very small, because on the other hand I am also optimistic with bitcoin. And I have considered the risks when investing in bitcoin. thanks

[macedoniantable]

Investing is risky I do agree with you there.
But also holding can be too.
I have had bitcoin lost from those very reason stated in the original post. Lost keys, passwords and entering the wrong bitcoin address for payments are all reasons that I have lost some bitcoin. Not that much but still enough not to forget about.

[richardsNY]

Investing is risky I do agree with you there.
But also holding can be too.
I have had bitcoin lost from those very reason stated in the original post. Lost keys, passwords and entering the wrong bitcoin address for payments are all reasons that I have lost some bitcoin. Not that much but still enough not to forget about.

Holding isn't risky at all if you take the right precautions. If you do the following, then you won't have to deal with losing access to your coins.

- Making several backups of your wallet files and store each of them in a different place that can be an USB drive, external HDD, burn it on a CD or DVD, etc.
- Writing your passwords on a small piece of paper and hide in in a book or other place where you can find it but others not.
- Print out your private key and hide it in a book or other place where you can find it but others not. For extra security you can even choose to seal it in plastic. And this adds extra protection for when your wallet.dat files corrupt. You can always access your coins via your private key.

Preventing yourself from sending coins to a wrong address can only be done by yourself. Just double check everything before you send out the funds.

[TraderTimm]

This "article" is just a easily generated column placeholder.

There is no "unfair" way to distribute an asset that is equally available to anyone with interest in buying it. The whole premise is based on the distribution of coins among early adopters versus late-comers, which is an entirely different thing.

Those that risk their capital on an unproven idea deserve their rewards, you can't scream that its "unfair" that those who grasped what Bitcoin was about first got in ahead of the teeming masses. This dynamic plays out in many ways in other similar circumstances, whether its the first round of capital investment in a startup, or the savvy investor that sees the diamond-in-the-rough of a OTC "Pink Sheet" offering. You can't go back and tell these people risking their money isn't "fair".

The whole argument reduces to this: If you don't have foresight and experience, then you pay the price for being late and stupid.

And I wouldn't want it any other way....

[RodeoX]

This "article" is just a easily generated column placeholder.

There is no "unfair" way to distribute an asset that is equally available to anyone with interest in buying it. The whole premise is based on the distribution of coins among early adopters versus late-comers, which is an entirely different thing.

Those that risk their capital on an unproven idea deserve their rewards, you can't scream that its "unfair" that those who grasped what Bitcoin was about first got in ahead of the teeming masses. This dynamic plays out in many ways in other similar circumstances, whether its the first round of capital investment in a startup, or the savvy investor that sees the diamond-in-the-rough of a OTC "Pink Sheet" offering. You can't go back and tell these people risking their money isn't "fair".

The whole argument reduces to this: If you don't have foresight and experience, then you pay the price for being late and stupid.

And I wouldn't want it any other way....

Totally agree.  There has never been anything keeping people from using BTC. (Excluding Russian law.) The people who bought early paid less, but also took on way more risk. It is very typical of any market to see a ratio of risk and reward. If you wait to buy some asset that has done well then it is not going to see as much growth, but may be more stable and less likely to fall apart. Or one could take on a risky asset with a small possibility of huge growth. Either bet could be part of a sensible strategy.