Yeah you really don't understand. At least you admit you don't. Your logic is highly flawed.
The error in your logic is you assume the Bitcoins can somehow be unconcentrated from million owners to 7000 times more owners (1 million x 7000 = 7 billion). But how? Or at least, how soon enough given how fast the price is rising?
I walked you through the scenarios and there is no scenario. You can try rereading my prior post.
If the price was rising more slowly that would allow more time for the coin to slowly be dispersed as the rich owners spend a few of their coins every once in a while.
But even that probably wouldn't work, because the rich always increase their coins and the poor always spend their coins.
You see this is why no currency can exist that doesn't redistribute wealth back from the wealthy to the masses. Otherwise the wealthy would end up with all the coins eventually.
If you earn $1 million per month, what percent of your income do you spend on basic needs? Maybe $5000 per month, so 5%.
If you earn $3000 per month, what percent of your income do you spend on basic needs? Maybe $1500 per month, so 50%.
Which of the two can attain more coins faster?
The fix is to make a coin that can continuously distribute new coins to the masses, but not too fast so as to destroy the price gains of the investor, but just a healthy balance.
But how do you distribute such coins fairly based on capitalism?
Well you let them secure the network and receive coin rewards.
But the problem in bitcoin is that no one with a PC can mine any more. All coins go to those with large capital who can buy ASICs. You can't just download the mining client and run on your PC any more (isn't going to generate any coins).
And the other problem is the bitcoin stops minting many new coins around 2033 (< 1%) and then really slow by 2040 (< 0.2%) and eventually approaching 0 new coins. Very very bad.
You all think it is good, because you didn't think it out, to see it is really bad for you and your investment.
How will you exit at the ponzi top? There will be a stampede to get out.
Did you know that Bitcoin is creating 1312500 new coins this year, which is a 12.5% increase! Yet Bitcoin price is still rising.
https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Short_TermSee adding more coins doesn't stop the price from going up. Only selfish people who have not thought this out think they need to limit coins at 21 million.
And you know what happens to these selfish people? They will lose everything at the ponzi peak price and them the crash. Because that is what selfish people deserve. Because they don't think. They just destroy the world.
