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Author Topic: Wealth distribution  (Read 1807 times)
cafucafucafu
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October 26, 2014, 08:19:24 AM
 #1

40% of American wealth is held by 1% of the people. That is not good!  40%  of BTC is held by about .01% of bitcoiners!!! How are we to get more distribution?

Edit:

Market will always be susceptible to manipulation. More distribution means less manipulation.

At least those 1%ers in USD don't hold actual cash. The 0.1%ers in BTC actually hold it in BTC!!! It's a liability for manipulation!


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PenAndPaper
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October 26, 2014, 08:24:38 AM
 #2

Bitcoins is not wealth per se. It's more like shares in a technology. So we are not going to get a more uniform distribution because it's not an issue and noone really cares.
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October 26, 2014, 09:12:43 AM
 #3

Bitcoins is not wealth per se. It's more like shares in a technology. So we are not going to get a more uniform distribution because it's not an issue and noone really cares.

yes its shares in a technology but as bitcoin holders sell into fiat which imo will coexist for some time then wider distribution is inevitable! saying no one cares is a fallacy as I care.
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October 26, 2014, 09:59:03 AM
 #4

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

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October 26, 2014, 10:12:20 AM
 #5

Bitcoin is treated as assets legally but actually used as currency. Owning bitcoin is like that you own wealth. Bitcoin is still the minority's  game, which lead someone own a large amount of bitcoin. When the bitcoin is increasingly playing an important role in our daily life and perceived as valuable technology, the ppl hopefully will step in to buy and spend it.

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Jamie_Boulder
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October 26, 2014, 10:21:33 AM
 #6

You can cry about the mega wealthy 1% but it will always be that way IMO.

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October 26, 2014, 10:31:52 AM
 #7

40% of American wealth is held by 1% of the people. That is not good!  40%  of BTC is held by about .01% of bitcoiners!!! How are we to get more distribution?

how you can know that the 40%  of BTC is held by about .01% of bitcoiners??

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Goldmundo
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October 26, 2014, 11:22:51 AM
 #8

What do you propose, that those "bastards with fat wallets" give away some of their coin to help the less fortunate ones and make it fair and nice for everyone? Smiley))

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October 26, 2014, 11:31:50 AM
 #9

40% of American wealth is held by 1% of the people. That is not good!

What would you prefer and why?
franky1
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October 26, 2014, 12:11:22 PM
 #10

those who cry about the rich are usually those that dont want to work hard to get some wealth.

i have came across many people complaining about the rich, but when asking what job the complainer has, thy say they dont have one. i then ask what qualifications the person has, the complainer says very low qualifications. i then ask what job they would love to do and what they have done to get that specific dream job... again the complainer shows no effort..

i see too many people that think that being handed things for free is their right of life and that work should be seen as slave labour.

even in bitcoin, i have tested the water many times hinting that people can easily start their own legit business involving getting their local stores to accept bitcoin and receive a commission for it. out of all the replies i did not see any real interest in starting the business, but complain that it was not easy money due to the fact the person would actually need to do some work to get the money.

we live in the generation where money can be obtained by government social security, or by signing a piece of paper to register for a credit card. and then when governments and credit card companies ask for it back, all it takes is another piece of paper to be declared bankrupt to not require repaying it..

bitcoin should never EVER be considered as 'free' money, or 'easy' money. if you cant be arsed to work hard or invest in it, then you should not be handed the rare asset known as bitcoin.

and if you disagree with my comments, then go play with infinity coin. until you realise what true value is.
maybe watch this video while you play with your infinity coins
https://www.youtube.com/watch?v=NjjYVROiJIA

then dont blame bitcoin or those that have already succeeded in the community, and dont think that bitcoin should be changed to be given out freely to the poor

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October 26, 2014, 12:17:48 PM
 #11

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Do you really think bitcoin will be $0.01 one day?   Undecided
ytr8
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October 26, 2014, 12:20:06 PM
 #12

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Do you really think bitcoin will be $0.01 one day?   Undecided

don't warry ,the btc won't be $0.01 ,IT only will be $100000 Smiley

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October 26, 2014, 01:13:32 PM
 #13

My dream is to become one member of the 1%

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October 26, 2014, 01:16:28 PM
 #14

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Do you really think bitcoin will be $0.01 one day?   Undecided

Don't believe idiotic, false assumptions w. zero info backing up the assumption.

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October 26, 2014, 01:19:02 PM
 #15

40% of American wealth is held by 1% of the people. That is not good!  40%  of BTC is held by about .01% of bitcoiners!!! How are we to get more distribution?

People who joined first, trusted more and invested more (and risked more), deserve to have more and earn more.
So, this is prize for their risk involved and truat in this project.

 How are we to get more distribution?
I guess this is good question for the creator, Satoshi Nakamoto

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October 26, 2014, 01:23:12 PM
 #16

40% of American wealth is held by 1% of the people. That is not good!  40%  of BTC is held by about .01% of bitcoiners!!! How are we to get more distribution?

Pass legislation to force more non-adopters to contribute and innovate in the Bitcoin space. They will then reap their rewards in bitcoins.

Tax the early adopters.
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October 26, 2014, 01:25:59 PM
 #17

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Do you really think bitcoin will be $0.01 one day?   Undecided

Don't believe idiotic, false assumptions w. zero info backing up the assumption.

Yes, it never will  happen that the price drop to $ 0.01.

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October 26, 2014, 01:29:14 PM
 #18

Uneven distribution of a scarce and naturally deflationary currency is not the same as uneven distribution of an endlessly inflated one.

Since the supply of bitcoins is limited, the trend will naturally be towards a more even distribution, not the other way around.


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October 26, 2014, 03:04:13 PM
 #19

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Btc is not a democratic system. Is a great prototype for skip banks payments centralized system but is still a digital asset for traders and speculators.
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October 26, 2014, 03:05:27 PM
 #20

Don't worry when bitcoin will be 0.01$ this will not be a problem anymore.

Do you really think bitcoin will be $0.01 one day?   Undecided

Don't believe idiotic, false assumptions w. zero info backing up the assumption.

Yes, it never will  happen that the price drop to $ 0.01.
There are to many investments and coin collectors for it to be  $0.01.   $500 or $1000 is more realistic, BTC will not be $0.01 any time soon.
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