Quote from: BanditCharlie on September 12, 2018, 04:47:58 AM

Wealth Distribution 2012 (wiki): Top 0.6% (42 million people) holds 40% of the money

Bitcoin Wealth Distribution (Dec 2017): Top 1000 people hold 40% of the bitcoin.

(Personal math: If 80% of bitcoin have been mined already, and every bit of the remaining 20% go to non-whales, that still means whales control 32% of the bitcoin supply at the end of the day)

I'm a cautious HODLer, but can someone explain to me why this isn't really bad? Because on paper, this makes bitcoin look more lopsided than the fiat currencies it seeks to destroy. I don't want my mass-adopted currency to be at the whim of 1,000 people.

Yea but you have to look at it like this. If whales hold the majority of Bitcoin and there are only 21 million. When it comes down to purchasing items like million dollar homes and cars they will have to use the majority of their coins depending on the price. So in order for bitcoin to be useful the price of bitcoin will have to increase tremendously. Think about the guy who used thousands of btc to buy pizza, and how things are different today. So as more people adopt bitcoin the more valuable it becomes.