Re: How can Bitcoin be a society changer with current distribution of wealth?
I am surprised this has got less attention.
We get some socialist on here about once a month bringing up their insanity. For them I say...Bitcoin is not for you. Stick with your notes.
I feel that that graphic has a tendency to misrepresent what's actually going on, I think that broad band of orange is including pool mined coins that go out to miners fairly quickly, it representing the expansion of pools, and the first hop of distribution rather than "spending" per se.
There was another study that said that 70% of bitcoins were sitting unused for months, that seemed to be "truthier" to me.