Well simply it had to be that way. Those with money will always be ahead of us regular people, simply because they have money, they do so. I don't see a way to distribute BTC without having this problem. You can't simple hand them out since then they wouldn't have any value. As for a small group having a lot of them. Consider that 100 BTC richest addresses already have about 500.000 BTC or even more. At beast that is 100 people, which I highly doubt, and that is just 100 addresses. Even I who have about 0.0001 BTC have 2 addresses, I don't know even why.
So it's hard to many any kind of currency that can be equally distributed without some problems. People will be people no matter what you do. It will take time, probably a lot of it till we get even close to what we have in mind as perfect society.
Thanks for taking the time to reply
Is there a technology reason requring high processing power for mining that justified this situation ?
You seem to be saying No there isn't - it's just the way of the world - yet Bitcoin at another level wishes to upset the norms
Surely the brain power that has brought Bitcoin this far could manage something a lot more equitable, if that was desired.
Not sure I accept it would be worthless if more equitably or meritoriously distributed, in the extreme if each of the 7 billion people alive has 3 mBTC then each BTC has some value because everyone wants it to have value. It may be a small value and not a collectors item, but it
could still be used to send money anonymously across the globe
could still be de-centralised
could still be provably unique
Not sure how many US$ are in existence probably a lot more than the 21 million BTC that will eventually be circulating - that still manages to maintain some value.
Edit Added : Ref the 100 top owners point you made - The existing already issued BTC are likely better/more broadly distributed than the remainder that will be mined by machines costing thousands of dollars each - far fewer home PCs and home based hardware mining going forward.
