cryptozanga (OP)
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February 20, 2021, 05:10:16 PM |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Poker Player
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February 20, 2021, 05:15:24 PM
Last edit: February 20, 2021, 05:28:41 PM by Poker Player |
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Bang it on!
No, no and no. If you read that link that you have put you will see that "Wallets with the most bitcoins belong to exchanges". Apart from that, I don't have a problem with few people owning a lot of Bitcoin, like early adopters, or Satoshi, or people who invest a lot of money nowadays.
Lately I'm hearing the same complaint from people who until recently were saying that Bitcoin is a scam and that it's going to go to 0 and that it's going to be banned....
Well, from those same people I hear lately that it is unfair that Bitcoin is badly distributed.
Moral of the story: buy Bitcoin and shut up your mouth.
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cryptozanga (OP)
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February 20, 2021, 05:21:45 PM |
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Bang it on!
No, no and no. If you read that link that you have put you will see that "Wallets with the most bitcoins belong to exchanges". Then I don't have a problem with few people owning a lot of Bitcoin, like early adopters, or Satoshi, or people who invest a lot of money nowadays.
Lately I'm hearing the same complaint from people who until recently were saying that Bitcoin is a scam and that it's going to go to 0 and that it's going to be banned....
Well, from those same people I hear lately that it is unfair that Bitcoin is badly distributed.
Moral of the story: buy Bitcoin and shut up your mouth.
We all know that Bitcoin is not a scam, but I was impressed to see that the concentration is only in 1% of the wallets, it is too much of a difference, but hey, this happens in everything. |
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CarlosCorreia
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February 20, 2021, 05:27:01 PM |
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Isn’t this how world finance work??
1% control 90% of world money, or something like this.
So... I guess that bitcoin is following world wealth parameters as well.
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tiptop3
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February 20, 2021, 05:40:39 PM |
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may i know details about this ? actually i want to know more about this |
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Karartma1
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It's so funny how these nocoiners need to find always some sort of flaw for bitcoin which obviously can't be found because BTC was a spectacular and brilliant achievement that normies can't fully understand.
Great comment Poker Player, merited you for that!
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cryptozanga (OP)
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February 20, 2021, 05:51:06 PM |
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It's so funny how these nocoiners need to find always some sort of flaw for bitcoin which obviously can't be found because BTC was a spectacular and brilliant achievement that normies can't fully understand.
Great comment Poker Player, merited you for that!
Quiet, it is not a criticism of Bitcoin, it is a reality that I found quite interesting, it is a matter of thinking about what would happen if only 0.5% of that group agreed to sell at the same time haha, regarding what of "noncoiner" I will not comment since I probably must have more btc's than you. Greetings |
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fiulpro
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February 20, 2021, 06:47:15 PM |
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Well this is something that is already known by the most of us and then comes the idea of getting scared about: Manipulation The market Manipulation is something that might cause the price to fluctuate time and again but at the end most of these holders are the people like Mr. Satoshi, the earliest adopters and also the people who are investing now , the big firms and companies are literally pouring in millions of btc. But as long as they decide not to cause the market dump in a negative basis and not all follow the suit then I think we are safe. But then again as I said a couple of times also before , if they did cause the market to collapse the people won't , leave any chance of buying Bitcoins , the ATH kind of gives BTC it's mark , shows people it's true potential and that also is a big factor when people are buying, there are a lot of people waiting on the sidelines for this to happen. Let's see what happens!! Many of us are here not because of the price but because of the jobs , the financial freedom it provides. There are literally so many opportunities waiting for us here!! |
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Red Pie
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February 20, 2021, 06:58:01 PM |
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There are many people around the world who own things that are valuable, not just in bitcoin. Our purchasing power is directly proportional to our economic power. And if we consider that the bitcoin was the thousands of bitcoins mined in the early days, we can consider it less risky.
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KryptoKings
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February 20, 2021, 07:30:33 PM |
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That's the one reason btc has not yet become global. It is also the reason of high volatility of btc price. These big whales dump whenever they want to crash the market. But this is also the reason why btc price rise. |
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TedMosby
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February 20, 2021, 07:44:41 PM |
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Isn’t this how world finance work??
1% control 90% of world money, or something like this.
So... I guess that bitcoin is following world wealth parameters as well.
I am about to say the same thing. bitcoin now is a public asset. it's on the market. even your cat can buy bitcoin (if you can teach your cat) We all know that the number of rich people in this world is really low compared to the world population. those rich people can buy bitcoin, and they can increase their wealth exponentially like they usually did. they will buy bitcoin no matter the price when they want it. when the time comes, the number of bitcoin holders just a reflection of the number of rich people in this world. in my country, the number of rich people according to the World Wealth Report 2019 by Capgemini is only 0.05%. the parameter is you should have a wealth of more than $1M. |
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Tekunda
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February 20, 2021, 07:54:47 PM |
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Such a skewed ratio can only mean that bitcoin will never be the instrument which will give financial liberty to the masses.
Since there is probably no way to change this ratio in favor of the "little man" in the street, bitcoin will be used to control the masses instead.
I am not sure if the inventor of Bitcoin had this result in mind when he wrote the code.
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cryptozanga (OP)
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February 20, 2021, 09:34:44 PM |
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I don't know why people keep targeting the huge holding peoples. They won't buy from money taken from moneyplant. They also hard earned for money, once became a rich this may happened. And it will be the good news.If the large holding is with less people. They won't sell it mostly. But they can sell the bitcoin and create any change in market. Here no one is saying that nothing about the big holders, they are fucking legends for me, in fact the problem goes into the code, although Bitcoin is an innovation of another level, probably the growth scheme that it has makes that instead of being a currency to use, it is simply digital gold. But in fact less accessible than gold today. |
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blockman
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February 20, 2021, 09:37:59 PM |
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How do you see that as a problem? what if you're the one who holds the most bitcoin. Will you ask yourself the same question for having a lot of bitcoin and will make others that it's a problem for them?
That's just an overthinking for you.
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cryptozanga (OP)
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February 20, 2021, 09:53:09 PM |
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If i have 1000 Bitcoins i will have the exactly same opinion, because if the concentration of only 1% wallets holds 87% of all bitcoins of course something is wrong.
Obviously that having that amount I would not complain hahaha but I would have the same current thinking.
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VanDeinsberg12
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February 21, 2021, 05:29:11 AM |
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It's just how the system works and that happens to the traditional economy aswell, small portion of people will definitely owns big portion of the economy since the bigger capital you got the easier it is to make profit or to earn money.
But, is the statistic also consider the fact that some of these wallets that owns big amount of crypto owned by more than one individual? because I think that's need to be taken into account.
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virasog
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February 21, 2021, 05:37:45 AM |
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It is always the case that there are only few richest people in the world who posses most part of the wealth and this is also true for bitcoins. The good thing about the bitcoin is that it is fixed in supply, so the more people hold it, the more its demand will increase and its price will sky rocket. I don't see this as a problem unless those few people decide to dump the bitcoin in the market. |
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cryptozanga (OP)
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February 22, 2021, 01:12:43 AM |
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It is always the case that there are only few richest people in the world who posses most part of the wealth and this is also true for bitcoins. The good thing about the bitcoin is that it is fixed in supply, so the more people hold it, the more its demand will increase and its price will sky rocket. I don't see this as a problem unless those few people decide to dump the bitcoin in the market. In fact, that's the only problem i see, they can dump Bitcoin in hours if they want. |
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larus
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February 22, 2021, 06:01:00 AM |
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The same with wealth in the majority of countries. 1% of people control more than 60% of wealth
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davis196
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February 22, 2021, 06:28:52 AM |
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This is a purely clickbait FUD article.It insults the intelligence of very experienced Bitcoiner.
There's no requirement for Bitcoin to be equally distributed among many people.
Is there such requirement or rule in the Bitcoin whitepaper and the protocol?Nope.
0.001% of all BTC wallets could hold 99% of all Bitcoins in the future and that would be fine.
If you don't like that fact,just pick some altcoin,that is "equally distributed" as use it every day.
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