The Bounce is Official

[PenAndPaper]

I wonder what will happen during christmas. People will buy presents or they 'll buy bitcoins as presents  

[1714945609]

1714945609

[DeathAndTaxes]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

Not sure if you are just spreading FUD or you just don't know any better.   You have 1,000 addresses holding 50% of the currently mined Bitcoin.   MtGox for example is one of those addresses and they had at least at one point 220,000 registered users.  That is just one example.

[PenAndPaper]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

Not sure if you are just spreading FUD or you just don't know any better.   You have 1,000 addresses holding 50% of the currently mined Bitcoin.   MtGox for example is one of those addresses and they had at least at one point 220,000 registered users.  That is just one example.

So what? All 220.000 users are dealing with one address? Even if what you said makes sense then there are 999 addresses left.  
In any case it's not FUD or anything because bitcoin was never about even distribution.  

[Essex343]

so wheres the top of the bounce? have we seen it already?

[Loki8]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

[Mirsad]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

Good chart.
The new system is even worse then the old.
Greed is good 

[Siegfried]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

That is not a reasonable comparison, given bitcoin's actual purchasing power (12 billion dollars for all bitcoins). If at the time when all of the world's assets are denominated in bitcoin and its market cap is several trillion dollars this wealth distribution remains, then the comparison would be valid. But as bitcoin grows the wealth of the top holders will flow into the economy and be redistributed. They will want to spend their wealth, not just hold onto it for the sake of preserving the status quo of vast inequality, which I am sure most of them realize is not healthy.

[emanymton]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

That is not a reasonable comparison, given bitcoin's actual purchasing power (12 billion dollars for all bitcoins). If at the time when all of the world's assets are denominated in bitcoin and its market cap is several trillion dollars this wealth distribution remains, then the comparison would be valid. But as bitcoin grows the wealth of the top holders will flow into the economy and be redistributed. They will want to spend their wealth, not just hold onto it for the sake of preserving the status quo of vast inequality, which I am sure most of them realize is not healthy.

I'm not so sure about that. There seems to be a colluding group of extremely high net worth individuals looking to bleed this sucker dry whilst maintaining or increase their stranglehold.

[jones31]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

http://www.bandwidthblog.com/wp-content/uploads/2013/12/bitcoinnetworthbreakdown.png

That is not a reasonable comparison, given bitcoin's actual purchasing power (12 billion dollars for all bitcoins). If at the time when all of the world's assets are denominated in bitcoin and its market cap is several trillion dollars this wealth distribution remains, then the comparison would be valid. But as bitcoin grows the wealth of the top holders will flow into the economy and be redistributed. They will want to spend their wealth, not just hold onto it for the sake of preserving the status quo of vast inequality, which I am sure most of them realize is not healthy.

Why should they do this ?
If bitcoin succeeds in the long term they won't need more than 10 coins to be happy all their life.
Also , who can say for sure than 20 of the top 100 addresses are not owned by the same person?

[DeathAndTaxes]

There is just a slight difference compared to Bitcoin. In Bitcoin you got less than 1000 people holding more than 50% of all bitcoins.... None of the assets above have such an unequal distribution of wealth.

http://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

Start digging.

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

Good chart.
The new system is even worse then the old.
Greed is good 

That is nonsense.  1 address =/= one person.  MtGox cold storage addresses (and just about every other exchange, many eWallets, coinbase, etc) hold the value of thousands of individuals.

Drawing an equivelent chart for dollars would be saying.

The top 10 banks have 90% of the money supply on deposit so 10 individuals own 90% of the dollars.  Obviously an asinine conclusion as the value of the deposits at a bank aren't owned by the bank and even if they were don't represent the wealth of an individual.