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Author Topic: Bitcoin Wealth Distribution (Bitcoinica data)  (Read 30712 times)
anu
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January 06, 2012, 01:59:13 PM
 #61

It also illustrates the sheer productive uselessness of vast swaths of the population.

Lets do away with all those useless people with two jobs who still can't make ends meet.

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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January 07, 2012, 07:45:32 AM
 #62

It also illustrates the sheer productive uselessness of vast swaths of the population.

Lets do away with all those useless people with two jobs who still can't make ends meet.

I prefer simply removing the institutionalized impediments that hinder their becoming more productive.

Let's start by getting rid of a global monetary scheme that unnecessarily profits private bankers and politicians at the expense of those not-the-most-productive citizens.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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