Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
Also, what happens on the off chance that somebody purchases up all the cash in this world? All things considered, suppose, however then endeavoring to purchase all the bitcoins, the purchaser will just stop their cost to the roof and, while proceeding to purchase, will spend all that he paid for purchasing bitcoins.
Not all bitcoins will be set available to be purchased. bitcoins were initially a decent method to spare cash and in this point of view there are now numerous individuals in the bitcoin network who are not prepared just to part with their bitcoins. And additionally gold, nobody can purchase those bitcoins that will long be blocked off for procurement.