[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 78 KB, 791x380, bitcoin rich list.jpg [View same] [iqdb] [saucenao] [google]
20110796 No.20110796 [Reply] [Original]

>2% of addresses hold 95% of BTC
>one unknown guy has 1 million BTC, keys could be lost, keys could be owned by ISIS or North Korea, no way to know

Who the fuck actually believes this is a reasonable starting point for a new reserve currency that is supposed to be more fair and just? Nobody but people with massive bags would advocate for this. I'm pro crypto but come on, selling this idea to the masses is impossible.

>> No.20110815

>>20110796
shut the fuck up faggy commie. kys

>> No.20110822

>>20110796
In the fiat world it's even worse

>> No.20110841

>>20110822
>>20110796
In the fiat world; 0.001 percent of the "people". Hold 99pct of the wealth; hey there rothchilds!

>> No.20110855

now that i think about it, they should make a currency that equally redistributes itself after 10 year of inactivity in a wallet or something

>> No.20110865

>>20110796
>>20110796
ITS CHINA
LOL
AND U GUYS THINK UR GONNA BTFO THE GLOBAL ECONOMY WITH CHINESE CHEESE TOKENS
TOP KEK

>> No.20110880

>>20110796
let me blow your mind
One guy could be holding 70% of all BTC and no one would know. He would just be distributing it into different addresses and letting others think the supply is fairly decentralized.

He would wait until the best moment to dump it all and create global chaos, leading the world into a new stone age.

>> No.20110900
File: 53 KB, 510x455, yes.jpg [View same] [iqdb] [saucenao] [google]
20110900

>>20110796
Worst case: CSW has 1mln BTC.

>> No.20110930

>>20110841
>>20110822
it's not really if you look at the developed world but btc is basically limited to the developed world already so that're bad numbers, nobody in africa has a stack or even internet for btc. they barely have fiat.
>>20110880
yeah of course and that would be even worse so how do you sell people on the idea that a currency with a distribution that was decided in a year after its inception when it was completely fringe is a good reserve currency? there's so many freeloaders and people could never catch up with that buying power if we magically switched to btc

>> No.20110942

>>20110855
Labour voucher coin

>> No.20110960
File: 100 KB, 537x615, 1551499274063.jpg [View same] [iqdb] [saucenao] [google]
20110960

Btc scam needs to get flipped by Link

>> No.20110995

>>20110930
Its like political views - every one of them has their own pros and cons. Nothing is perfect. Even democracy itself isn't perfect. Democracy tho is the best we've got so far.
Maybe people will find that premined cryptos like Bitcoin (yes, it pretty much is premined) aren't perfect, but they still are better than fiat.

>> No.20111001

>>20110855
yeah this should be a protocol implemented in btc if possible, like interest distributed to all other addresses. then you could have services that move your coins yearly or something to avoid that but then you have the same policies with addresses as with graves, if nobody pays or cares about it for 10 years just redistribute the shit. it would be at least way easier to determine which coins are actually out of circulation, because the buying power gets distributed anyways because the supply is forever limited by people losing keys etc but it's an unknown number so it can't really be applied in such an economy. you basically don't know the money supply although that should be a selling point for bitcoin.

>> No.20111013

>>20110855
Yeah and nobody would use it, cos its a retarded idea

>> No.20111031

>>20111013
because halving the rewards for miners every 4 years isn't retarded...

>> No.20111040

>>20111031
>implying that I think bitcoin is the be all and end all of cryptocurrency based on the statement I
made...

>> No.20111176

FLIPPENING INCOMING in 3 lunar cycles!!!

>> No.20111187

>>20110796
BTC is trash

>> No.20111199

>>20110796
Now compare it to the percentage owned in US fiat. Bitcoin is a fairer distribution compared to it.

>> No.20111305
File: 230 KB, 500x913, 1544219542537.png [View same] [iqdb] [saucenao] [google]
20111305

>>20110796
>89.9% total holders barely own 1% of BTC
lmao, the absolue state of this shitcoin, no surprise buttcorns can be shorted/longed at will twice a day.

>>20110815
he's right, you slimy kike faggot.

>> No.20111367

>>20111305
>calls others kikes while advocating for redistribution of wealth because he's weak and dumb and missed out
ok

>> No.20111495
File: 437 KB, 1200x603, 1558497645052.png [View same] [iqdb] [saucenao] [google]
20111495

>>20111367
Yes.
Now gib shitcorn, shlomo

>> No.20111537
File: 200 KB, 700x700, 1522637701627.png [View same] [iqdb] [saucenao] [google]
20111537

>>20110995
>Nothing is perfect.
>what is NatSoc

>> No.20111548

>>20111495
kys ugly loser. everyone in your family hates for good reasons.

>> No.20112135
File: 30 KB, 592x355, winklevoss1.png [View same] [iqdb] [saucenao] [google]
20112135

Craig wins. Fighting him is futile.

>> No.20112401

It’s partially exchanges that hold btc for millions of people

>> No.20112464

I have to say tho, I do not have the perfect solution for this problem but it seems that allocating 99% of the buying power to unknown, random people who mined BTC on their CPU and where most of it is on hard drives in boxes in some garage is not the best way to go about this. What do you think about the idea of forking BTC, leaving the amount of bitcoin in the addresses but then expanding the total supply to something like 210 million or 2.1 billion BTC and they get minted by a certain oracle network from bank accounts.

>> No.20112477

>>20112401
most exchanges have as many or more addresses under control as they have users, coinbase for example has an address for every user and the funds only reach a pool address when they're in the order books i believe which 99% of them are not.

>> No.20112570

>>20112135
The absolute state of bsv pajeets. He isnt endorsing Craig.

>> No.20112757
File: 73 KB, 1242x618, addresses_for_BTC_BCH.jpg [View same] [iqdb] [saucenao] [google]
20112757

>>20112570
Take a picture of yourself crying right now.

>> No.20113398

>>20111001
Retarded idea. That destroys security in the Blockchain and the ability to store BTC as a long-term investment.

>> No.20113801

>>20111305
>it takes only 7.5BTC to be in the top 1%
>still waste money on some fucking depreciating BMW and then complain about BTC wealth distribution
are you retard or what?
top 1% entrance is (still) reasonably priced

>> No.20114215

>>20110796
>I knew about this for eight years but didn’t do jack shit about it
>now I’m way behind and angry af
>how can this be happening to me?