1% owns 90%. Right? You are arguing the value of block chain tech. That's not the argument. Never was.
The argument is if 1% already owns 90% of BTC then switching to a btc as the currency basically had transferred almost all liquid wealth to that 1% who already owns all the BTC correct?
That's your claim, which you haven't yet provided any proof for. Nobody really knows who owns how much because there's no way to connect a big number to a identity. Unless explicit proven by whoever holds the private key. Only stupid people show of their entire net worth to the world.
What you're doing here is basically saying: okay 54534556456546 belongs to OneMoreTim3 and 1243454437383 belongs to anatidaephobia, but not a single attempt to prove how you come up with that conclusion. Why do you think 1% owns 90% of all the coins?
Check the rich list again, there's thousands of wallets before you've even counted to 90% of the coins, and most of them belongs to exchanges, that's basically shared wallets without one single owner, even tho you could argue not your keys, not your coins as if those coins belong to the exchange, which is correct. But that's just 1% of the coins owned by the biggest exchange.
Let's even pretend that 50% of the people in the world own 90% of BTC even though we both know that is a gross exaggeration.
In this scenario the same logic applies right? Declare BTC the currency and then half the people have currency to spend and half don't. Correct?
Half were made wealthier and half were made destitute.
It's because the "currency" has already been distributed correct? Some have it some don't. Some have thousands and they were made the wealthy class, some have .005 BTC which seems small but they still have much more than the half with nothing correct?
It's because the "currency" has already been distributed correct?
About 90% yes, still 2.5M coins that hasn't been mined yet. Good luck finding a better way to distribute wealth from a new asset equally, without involving a central authority. What are you trying to say? would you prefer a communist model where everyone gets a equal amount of coins, or do you want the government to get involved somehow, which gives them full control?
All we know is that there are people who has become very rich by getting involved early, who they are we have no idea. They could be anyone, anywhere in the world. After all this technology is not rocket science that only the elite could create. Anyone with fundamental skills in math and cryptography could have created cryptocurrency and blockchains.
This is just like the gold rush, whoever came first and found gold got richest initially. And that wasn't the globalist elite, those fuckers came in lager and bought gold, then lobbied to ban private individuals, except for themselves to own gold. Give it a few years and they're gonna do the same with cryptocurrency.
Ic . So you think those who don't have any will be able to mine some off their phone perhaps? Compete with the server farms?
What you are basically saying is that you think that everyone will just agree to use a currency that most the population has none and really doesn't know how it works and by doing so creates an elite class of wealth and instantly turns them destitute.
That's roo much of a gamble for me and I don't think anyone e BUT the DS have really thought it through. Do you think those large accounts are patriots waiting to freely disperse their wealth once the switch occurs?
You completely skipped the argument.
1% owns 90%. Right? You are arguing the value of block chain tech. That's not the argument. Never was.
The argument is if 1% already owns 90% of BTC then switching to a btc as the currency basically had transferred almost all liquid wealth to that 1% who already owns all the BTC correct?
That's your claim, which you haven't yet provided any proof for. Nobody really knows who owns how much because there's no way to connect a big number to a identity. Unless explicit proven by whoever holds the private key. Only stupid people show of their entire net worth to the world.
What you're doing here is basically saying: okay 54534556456546 belongs to OneMoreTim3 and 1243454437383 belongs to anatidaephobia, but not a single attempt to prove how you come up with that conclusion. Why do you think 1% owns 90% of all the coins?
Check the rich list again, there's thousands of wallets before you've even counted to 90% of the coins, and most of them belongs to exchanges, that's basically shared wallets without one single owner, even tho you could argue not your keys, not your coins as if those coins belong to the exchange, which is correct. But that's just 1% of the coins owned by the biggest exchange.
Lol. Not following the logic are you?
I am not sure I can make it simpler but will try.
Let's even pretend that 50% of the people in the world own 90% of BTC even though we both know that is a gross exaggeration.
In this scenario the same logic applies right? Declare BTC the currency and then half the people have currency to spend and half don't. Correct?
Half were made wealthier and half were made destitute.
It's because the "currency" has already been distributed correct? Some have it some don't. Some have thousands and they were made the wealthy class, some have .005 BTC which seems small but they still have much more than the half with nothing correct?
About 90% yes, still 2.5M coins that hasn't been mined yet. Good luck finding a better way to distribute wealth from a new asset equally, without involving a central authority. What are you trying to say? would you prefer a communist model where everyone gets a equal amount of coins, or do you want the government to get involved somehow, which gives them full control?
All we know is that there are people who has become very rich by getting involved early, who they are we have no idea. They could be anyone, anywhere in the world. After all this technology is not rocket science that only the elite could create. Anyone with fundamental skills in math and cryptography could have created cryptocurrency and blockchains.
This is just like the gold rush, whoever came first and found gold got richest initially. And that wasn't the globalist elite, those fuckers came in lager and bought gold, then lobbied to ban private individuals, except for themselves to own gold. Give it a few years and they're gonna do the same with cryptocurrency.
Ic . So you think those who don't have any will be able to mine some off their phone perhaps? Compete with the server farms?
What you are basically saying is that you think that everyone will just agree to use a currency that most the population has none and really doesn't know how it works and by doing so creates an elite class of wealth and instantly turns them destitute.
That's roo much of a gamble for me and I don't think anyone e BUT the DS have really thought it through. Do you think those large accounts are patriots waiting to freely disperse their wealth once the switch occurs?