Quote from: Chopperman on July 13, 2015, 07:53:08 PM

Quote from: Cconvert2G36 on July 13, 2015, 03:27:45 AM

. For every price increase, some of the early hoarders pull the ripcord, this distributes the coin in the fairest way possible.

Will we have to make impassioned pleas for these belevolent early hoarders to exchange some of their precious hoard with the common folk for "worthless" fiat currencies, or will they only take property such as real-estate? Those early hoarders sure are nice people. Without them, the Bitcoin economy couldn't function.

Or, is that the 1% in a fiat-based society?

lmao ... unlike real currency (USD EUR CNY) ... when the top 1% of wallets controls more than 80% of the bitcoin supply that seems like such a dire situation when you look at it because bitcoin is a deflationary + depreciating (lost wallets and coins year over year) intangible asset. While currency on the other hand the 1% may have 30-50% but they put it into investment accounts and that money is not just "locked" up nor confined or restricting other users from the money supply ... while bitcoin on the other hand has a fixed cap and is definitely restricting with inactive wallets.

side note: so don't confuse yourself and delusionally think that fiat is restricted and bitcoin is not =/