Quote from: bezzeb on July 02, 2013, 12:34:45 AM

Quote from: wopwop on July 01, 2013, 11:03:25 PM

whats exciting about a currency where 9mil/11mil coins is held by a few 'bitcoin elite' and the rest is scraping scraps

its worse than in the real world

What bitcoin is lacking is a systemic in built toxic infrastructure which was crafted over centuries to perpetually funnel money to the top of a pyramid.

So yes, i do wish bitcoin was held more democratically, but this is easily solved by making people want to get their hands on some.

But... Once actual economic activity migrates into crypto-currency realms, these economies will suddenly find themselves free of the crushing burden and corruption which the current banking system places upon everyone as it pipes our money up the hill into non-deserving pockets.

This is the promise that has so many excited: That with bitcoins, much can be fixed. The current banking cannot be fixed, one can only turn away from it and use an alternative - of which none existed until now.

Yup, this is totally true.

Bitcoin gives allows early adopters to get a head start and have more money at the start.

The existing system allows those born into the right family to not only get a head start and have more money at the start, but also funnel more money to the top for doing absolutely nothing.