Under capitalism eventually 1% own 99% of BTC, 1% have 99% of power?

[cryptosize]

I think I understand that the BTC blockchain can't be corrupted, because it would be too difficult to do.  But can't the 99% be exploited the 1% that own 99% of BTC?  BTC is a transfer of wealth to a different system.  Won't the 1% be able to exploit the 99%?  Capitalism centralizes wealth

The difference is that there is no more btc printed over 21 million, whereas there are more fiat printed everyday. The logic of OP is that the rich always gets more money, and when they get more money they can spend it on getting more BTC and that means they can buy all the btc available on sale and they can own most of it.

But the truth is that we have only 21 million, even leaving aside all the burned and gone bitcoins, the rich can't buy them all because we just wouldn't sell it to them. Right now, they can get more because more money is printed and even if you do not give your dollars to them, they can print more and make yours less valuable and own more, but with bitcoin they have to buy yours, and if you don't sell, they can't.

Exactly.

Don't sell and Bitcoin will skyrocket.

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[worldofcoins]

I think I understand that the BTC blockchain can't be corrupted, because it would be too difficult to do.  But can't the 99% be exploited the 1% that own 99% of BTC?  BTC is a transfer of wealth to a different system.  Won't the 1% be able to exploit the 99%?  Capitalism centralizes wealth

Tks!  

A small percentage of individuals indeed hold a large portion of the total Bitcoin supply, and this concentration of wealth could potentially lead to power imbalances and exploitation.
However, it's important to note that Bitcoin operates on a decentralized system, meaning that any central authority or group of individuals does not control it.

[Ucy]

I think I understand that the BTC blockchain can't be corrupted, because it would be too difficult to do.  But can't the 99% be exploited the 1% that own 99% of BTC?  BTC is a transfer of wealth to a different system.  Won't the 1% be able to exploit the 99%?  Capitalism centralizes wealth

Tks!  

We are nolonger in the period where any kind of money is equal to power. That period is gone and those who benefited from it lost. The current method has been recalculated and is based on clean money or good reputation/trustworthiness equal to (=) Power. And those with this power currently rules.

Now, it's very possible for the ones with Power to  work against or takeover the bitcoins from those with the most amount  (by influencing the price for example) and reallocating/redistributing them to the Bitcoin community assuming the ones with most bitcoins got the bitcoins unfairly, don't deserve or are misusing them. It's a hidden justice system that can take effect pretty quickly and resolve issues within a short period of time. In such condition it will feel as if Bitcoin and the whole cryptospace is working against them.

By the way, 1btc is not always equal to 1btc in the current cryptocurrency space and recalculation. If you start acquiring most of the available bitcoins, it's expected that price will increase due to high demand, but tainted coins will be less valuable and won't have much effect on the price. So this should discourage people from hoarding or holding for the wrong reasons. No intention will be hidden from the ruling System as it watches everything and will dispense justice immediately. If hoarding or dumping won't have much effect on price, it won't be attractive to the wrong people. They are attracted to power but there is no more power in tainted coins.