Quote from: AnonyMint on November 18, 2013, 05:16:44 AM

...Bitcoin ain't [a real decentralized currency] and can't be...

Interesting and surprising to see this coming from someone with such a high post-count here. Surely you've heard all the arguments by now? I guess you're not persuaded? Let me have a go if I may...

Quote from: AnonyMint on November 18, 2013, 05:16:44 AM

...there is no way to distribute the coins such that it could be, i.e. there are 7 billion people on this planet and by the time 1% of them own Bitcoin, the rest of them will be worth 1/1000000 if Bitcoin becomes the global currency. And Bitcoins are concentrated into investors hands, and investors don't spend all their networth as a currency. And if all the people don't use it as currency, then how do you invest with it and pay employees with it.

I believe what you are saying is that there is 'no way to distribute the coins' in such a way that would satisfy your utopian 'fair' distribution criteria. It is not the same at all as saying that bitcoin can not be distributed sufficiently to be usable as an everyday currency by the majority.

If as has been discussed aplenty elsewhere it is not an insurmountable task to break bitcoins down to further decimal places then it doesn't matter in practical terms if a small number of holders hold 99.9% of the coins in cold storage with the remaining .1% of bitcoins being distributed between 7 billion people because whatever value it holds for them it can still be used for transactions.

And the reason I can not see this 'big pop' happening is it doesn't matter how tiny the fraction of a bitcoin being purchased by those among the last to purchase them (or receive them in payment) if with it they can purchase the equivalent of what they could with the currency they would otherwise have used.

I personally see the .1% bitcoin wealthiest as being much more likely to do something constructive with their money to the benefit of many than the .1% fiat wealthiest today. But that's mere speculation. What we can see is that bitcoin undoubtedly facilitated distribution from a few crypto enthusiasts to the numbers of people holding bitcoin today. Why would that not continue?

Quote from: AnonyMint on November 18, 2013, 05:16:44 AM

Just think it out.

I also suggest everyone 'just think it out' but I don't expect most to come to the same conclusions as you have