Quote from: RodeoX on January 07, 2015, 07:04:50 PM

Quote from: Crypty3 on January 07, 2015, 06:43:21 PM

Quote from: RodeoX on January 07, 2015, 06:36:56 PM

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

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.

Spending $50 to purchase 5000 bitcoins in 2010 is high risk, but low cost. Buying an apartment in Dubai is substantially more risk as it could ruin your whole financial future. Show me one guy who chucked his life savings into BTC in 2010?

Perhaps gold is a better example then. I wish I could go back 10 years and buy $50 worth of gold. Or had I joined an investment pool to get that apartment I would have profited.

I don't personally think a gold standard would benefit many members of society. I believe BTC could, but not with its current monopoly. According to many members of this board BTC should not be an investment, therefore I don't want to compare it to an investment. I want to compare it to currency.