Quote from: Crypty3 on January 07, 2015, 06:40:41 PM

Quote from: Elwar on January 07, 2015, 06:36:01 PM

Quote from: General_A on January 07, 2015, 06:26:44 PM

Quote from: DeathAndTaxes on January 07, 2015, 06:25:30 PM

Possession is not ownership. The major exchanges hold a lot of coins but those coins (legally) belong to the depositors. This can't be reflected by looking at the address distribution. Using the graph you used to illustrate a point would be like graphing where all the US dollars are and showing that 5 "people" (BofA, Citibank) have 90% of the dollars.

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?

What I like the most about your numbers are that that large percentage of bitcoin holders were here early on. They actually took the risks because they believed in Bitcoin and what it stands for.

The people who want to bring in regulations and redistribution belong to the small percentage. The longer that is true, the better. You really should try freicoin...that sounds like a better currency for you.

I have no problem with BTC. I don't really see how their risk would justify having 50% plus of the wealth if we were to convert to a bitcoin society (the risk was miniscule up to 2011, low hashing rates, low cost of coins). This is my main point. If BTC was to replace fiat how would it benefit mankind? Thoughts regarding this question are much appreciated. Telling me which coins I would or wouldn't like is not.

Just because I am talking about bitcoin benefiting mankind does not mean I am calling for regulation. Again putting words in my mouth is not actually appreciated one bit. I understand that its a topic you feel strongly about, but could you try approaching the subject in a non-arrogant, non-judgmental way

. Ta

I was not responding to you.

If you don't know the benefits of Bitcoin, why are you here? Have you read the white paper?