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Author Topic: Biggest Hurdle To Currency Adoption  (Read 1942 times)
hashman
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January 27, 2015, 08:45:27 AM
 #21

I was just reading somewhere that over 70% of BTC in circulation are owned by just about 1.29% of the BTC wallets. This accounts for over 41% of BTC that will ever be created. In contrast the top 1% fiat wallets in the US had about 30% of the nation's currency backed assets.

If this is true (I request our meticulous economists to vet it http://www.dioxidized.com/2014/10/10/bitcoins-wealth-concentration-creates-significant-hurdles-for-those-who-might-consider-adopting-it/ ), how can we expect BTC to become anywhere close to mainstream currency ? I guess BTC distribution among wallets will need to become far more even before any level of mass adoption can begin.



lol..  fiat is not a public currency so we have no idea how much is in anybody's wallet.   

even with a public currency like bitcoin, we don't know how much controllers have because anybody can control as many wallets as they like 
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January 27, 2015, 02:00:08 PM
 #22

When people start getting their savings stolen from their bank accounts they'll not care if satoshi and friends are loaded with btc, they'll care that you can save your wealth online safely.

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