Fiat money's richest vs Bitcoin's richest

[kentrolla]

One of the major question we face in this digital age is how longer we will continue to rely upon fiat currency.

However if we compare fiat vs BTCs richest I will go with BTC because it's a precious gem where you cannot able to elaborate how profittable it is. Also there are big whales who are holding thousands of BTCs and waiting patiently. They are not expecting any popularity like Jeff Bezos

One day fiat currency will be over ruled by BTC because of its dominance is more faster...

[20kevin20]

One of the major question we face in this digital age is how longer we will continue to rely upon fiat currency.

However if we compare fiat vs BTCs richest I will go with BTC because it's a precious gem where you cannot able to elaborate how profittable it is. Also there are big whales who are holding thousands of BTCs and waiting patiently. They are not expecting any popularity like Jeff Bezos

One day fiat currency will be over ruled by BTC because of its dominance is more faster...

Cryptocurrencies are already overruled by BTC. They've always been and they always will be. If we ever stop relying on fiat, we will turn to the digital fiat which is an even shittier idea.

Our society hasn't been educated about this. In fact, we've been taught that accumulating fiat is what we need to evolve in life. We've been taught that we need to buy clothes in order to look good and stay up to date with the trends. We've been all taught the wrong stuff and only now will people start learning what they should've invested into and what they should've done their entire life.

[SirLancelot]

Are you forgetting that lots of people don't make use of one address, and I'm one of those people that don't make use of one address. My coins are always stored with different addresses. And I don't really see any difference between the percentage of the rich in bitcoin and the percentage of the poor.

I think it's the same thing; it's still the same rich guys that bought huge amount of bitcoins and stored in their addresses. And to be sincere I don't think there are much poor people that are in bitcoin, it's mainly the rich and the average people, people don't have money for investment. I have seen few of them here I live and when I talk about Bitcoin they complain that it is too much for them to invest in it. Though if any one of those luckily discovered bitcoin back in 2008 - 2009 and invested in it then with the little money they had, in 2017 they would have gotten over 19,000 USD, but who can have patience for that long?

[lixer]

I don't see the need for any comparison, the same rich men we have out there are still the same rich men we have here.
As a poor or average, dude when you invest in bitcoin you don't become rich overnight. I'm an average dude and bitcoin didn't turn the little money I invested into a million dollars overnight, but I'm happy that it helped to change my story and put me in a better position than I used to be. Now that's my luck, and not magic or whatever you might have had in mind.

There are other people who have invested but lost their money. I was a lucky to have invested before the 2017 bull run that made the price to skyrocket to a high price.

[a.s.t.e.r.i.s.k]

I think this is why PoS is a lot better in some ways. PoW is outdated and too centralised. This still only solves the problem of whale miners, though

AtomicLemon_, PoS does not help wealth questions. Also PoW is as strong as usual.

[Chris Barth]

It's quite possible and obvious that we can tell who the world richest (fiat) people are. However, I think it's not possible to tell when it comes to bitcoin. This is because as you said, most of the top wallets are that of exchanges, hence, it is practically impossible to tell, considering the fact that they are bitcoin addresses without any information on who owns it.

[pakhitheboss]

Apparently in both the case rich becomes more richer and poor still struggles and makes money for the rich.

Whatever you do in your lifetime untill you have done something significantly different you cannot become rich in this society. The only thing which we can do is to try to become rich.

[arayde]

The top 1% richest Bitcoin addresses account for 87.92% of all circulating Bitcoins.

Again, on the other end of the spectrum, the poorest 48.06% of addresses hold 0.02% of all circulating Bitcoins.

Bitcoin is about decentralization hah. Whales can control everything here

[Assface16678]

There are a lot of ways to make more earnings, and today we have the fiat currency, and also in cryptocurrency still it depends on the person how they can handle the situation of every profit. We cannot evaluate the person by his earnings at the time because most of them know the possible and their capability to make more earnings on that they handled the situation. In my perspective to fiat currency is one of the most profitable ways of earnings, but in the transaction, most of the time, I use the bitcoin because it is less transaction fee and also has secured deals.

[Onuohakk]

We can't compare the both together cos some thought it wise as of then to invest hugely in bitcoin and it paid them off hugely as of then. And today they are mega rich, investing in other firms.
I know of a guy who's a multi millionaire now, whose only work is trade on bitcoin.