Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
Rassah
on 04/12/2013, 19:45:13 UTC
An interesting metric would be: what percentage of coins are in the hands of people, for whom the holding represents X% of portfolio.

Probable answer:

Gonzalo Lira explains why anonymity is so important but Bitcoin doesn't have it.

Quote
Also, actually acquiring bitcoins is remarkably complex—and completely negates the supposed anonymity of bitcoin. Here’s a Reddit editor discussing how tough it was for him to get bitcoins, which is fairly typical of retail customers: A whole lot of hassles, and he still couldn’t buy any. And for all the talk of “bitcoin’s anonymity”, you need a whole truckload of verifiable documents making clear who you are in order to buy your first bitcoin. So the bitcoin-anonymity argument is a chimera.

The failure to meet that condition—“buy or sell exclusively and necessarily with bitcoin”—is what makes bitcoin essentially useless.

That bitcoin is not anonymous as the edges where it interacts with fiat is not a secret, nor a problem. As soon as you get your money into bitcoin, you can make it completely anonymous rather easily.