Post
Topic
Board Bitcoin Discussion
Re: How can Bitcoin be a society changer with current distribution of wealth?
by
RodeoX
on 07/01/2015, 18:36:56 UTC
The truth for fiat is that around 35% of the top 1% own all the money. 70% for the top 10%. (In the USA). Regardless of the exchanges its clear to see that distribution is actually worse for BTC. Has anyone actually read my first post?
I do understand what you are saying. But why did YOU let this happen? Many who have a lot of coins have them because they took a big risk buying early. They had no guarantee that their $5 bitcoins would not drop to $0.02. They risked more and now they have more. Sure, now that they are hundreds of dollars each everyone wants $5 bitcoins. This relationship between risk and reward exists in all markets. I wish I could go back 10 years and buy an apartment in Dubai. I didn't take that risk and it would be unfair of me to demand an apartment now.