Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
User705
on 01/11/2013, 19:55:33 UTC
BTC will flow from incompetent users to competent ones so concentration much like with other wealth is unavoidable.

Incompetent needs a bit more defining, to me incompetent owners of Bitcoin lose them to the benefit of the network.
My biggest fear is not selling but destroying my Bitcoins.
That is a concern but they aren't really destroyed.  And when I say incompetent an example would be someone buying an ASICMiner with BTC that won't ever earn that BTC back and those BTC flow to ASICMiner shareholders.