Quote from: jseverson on December 18, 2017, 10:18:26 PM

Quote from: realdeanz on December 18, 2017, 06:23:56 PM

It seems now that BTC and many of the main cryptos are our of reach for a majority of people. Its become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and volatile price which makes transacting in BTC for goods and services practically impossible. Its fair to assume that satoshi would be appaled by what is taking place.

Do you have a source on the bolded part? I seem to be seeing a lot of outrageous claims like this lately. Some say 10 owns 50%, 10 owns 40%, etc. but none of them have the data to back it. I'm sure such a disparity isn't completely impossible because of how easy it was to get coins back then, but I'd really appreciate a formal source. This is basicallt FUD.

As for Bitcoin's value being justified, I would say yes. I mean, the people basically decide its value. No one will buy if it isn't justified. How long it will stay that way, you never know though.

I too don't believe that a few people would have such a huge amount of bitcoin and would try to manipulate bitcoin price.Bitcoin is now not in its early stage when china had the lion's share and chinese manipulated bitcoin price as they wished.But bitcoin has user base wide spread all over the world and manipulation is not possible.