Less than 1 in 7000 people in the world own at least 0.01 BTC!

[Ed4252]

hmm?

75% of the world have cell phones
around 40% of the world have internet access



30% of the world have both

There actually isn't THAT much room to grow as it seems..

So 30% of 7,100,000,000 is around 2,100,000,000 so 1,000,000 wallets is still a little compared to people who dont use it. plenty room to grow.

Forgot to add young children most likely won't be using bitcoins

[keithers]

hmm?

75% of the world have cell phones
around 40% of the world have internet access



30% of the world have both

There actually isn't THAT much room to grow as it seems..

Where did you get those numbers from?   IMO there is no way that 75% of the world has cell phones...  Or do you mean that 75% of the world has the ability to buy a cell phone (if they can afford it)?

[Ed4252]

hmm?

75% of the world have cell phones
around 40% of the world have internet access



30% of the world have both

There actually isn't THAT much room to grow as it seems..

Where did you get those numbers from?   IMO there is no way that 75% of the world has cell phones...  Or do you mean that 75% of the world has the ability to buy a cell phone (if they can afford it)?

http://www.rferl.org/content/report-says-75-percent-of-worlds-population-have-mobile-phones/24648234.html
http://mashable.com/2012/07/17/mobile-phones-worldwide/
http://en.wikipedia.org/wiki/List_of_countries_by_number_of_mobile_phones_in_use

[Benjig]

hmm?

75% of the world have cell phones
around 40% of the world have internet access



30% of the world have both

There actually isn't THAT much room to grow as it seems..

Where did you get those numbers from?   IMO there is no way that 75% of the world has cell phones...  Or do you mean that 75% of the world has the ability to buy a cell phone (if they can afford it)?

http://www.rferl.org/content/report-says-75-percent-of-worlds-population-have-mobile-phones/24648234.html
http://mashable.com/2012/07/17/mobile-phones-worldwide/
http://en.wikipedia.org/wiki/List_of_countries_by_number_of_mobile_phones_in_use

The wikipedia says that worldwide there are 97 active phones per every 100 citizens, some countries even have more than 100 per every 100 persons like hong kong with 236 phones for every 100 persons. So that statistic of 75 percent is really low.

[giveBTCpls]

The bigger problem is that 1% holds 99% of all BTC so they have too much power. Its the same like with FIAT.

This is not a problem.

How it isn't? If they have the same evil intentions as the big FIAT holders of today, we are still screwed. Of course they couldn't (in principle) modify the way Bitcoin works, or could they? (by bribing the developers or whatever). There's also the posibility that big FIAT holders with evil intentions bribe the big BTC stakeholders for more FIAT, power, influence etc.

[tondaS]

The bigger problem is that 1% holds 99% of all BTC so they have too much power. Its the same like with FIAT.

This is not a problem.

How it isn't? If they have the same evil intentions as the big FIAT holders of today, we are still screwed. Of course they couldn't (in principle) modify the way Bitcoin works, or could they? (by bribing the developers or whatever). There's also the posibility that big FIAT holders with evil intentions bribe the big BTC stakeholders for more FIAT, power, influence etc.

Still a lot of Bitcoins has to be mined so the wealth will be spread more evenly with time. And some early adopters big address balances are very likely lost, so cant be used anymore...

[okthen]

The bigger problem is that 1% holds 99% of all BTC so they have too much power. Its the same like with FIAT.

This is not a problem.

How it isn't? If they have the same evil intentions as the big FIAT holders of today, we are still screwed. Of course they couldn't (in principle) modify the way Bitcoin works, or could they? (by bribing the developers or whatever). There's also the posibility that big FIAT holders with evil intentions bribe the big BTC stakeholders for more FIAT, power, influence etc.

Still a lot of Bitcoins has to be mined so the wealth will be spread more evenly with time. And some early adopters big address balances are very likely lost, so cant be used anymore...

The number of bitcoins mined is totally irrelevant to how wealth is spread.
Don't think it will change much from where we're now, just the number of total users will be much higher.