i'm glad you have brought up a question that hasn't been discussed to death. please explain how the current system is anything but making you sick to your stomach then we'll discuss bitcoins
I haven't discussed it to death with anyone. If you already have, why are you joining another discussion about it?
because this topic has been discussed to death and that's why there is a search feature.
regardless, at least make at attempt to answer my question to you. otherwise it looks like someone is paying you to talk nonsense
The current system has been making me sick to my stomach for quite some time. You are making assumptions that have no basis in reality. The very point of this thread is that the problems that we are currently facing will only (possibly) get worse. My numbers might be off, but even if today 1% (or 70 million) of the world population owns 90% of the money, that is still a better scenario than 1 million owning 60% of it.
Personally, I would rather have a bunch of geeks own most of the money than a bunch of corrupt banks and the governments they buy off.
Any proportion of any group will structure itself in the same way. You will still have greedy geeks-- or are they somehow immune to human nature?
Revolutionaries become tyrants, it has always happened throughout history.
Regardless, the proportions would remain the same. Would these geeks one day, in a moment of mass enlightenment, redistribute the wealth?
And one more point-- it is no longer the just geeks, but rather geeky speculators and speculators alone who are driven by greed that are buying up the most coin and form the the majority of cryptocurrency holders.