Post
Topic
Board Bitcoin Discussion
Re: If the banksters and governments held 90% of the Bitcoin supply, what now?
by
RodeoX
on 08/11/2018, 14:44:21 UTC
Would it be fair enough to assume that the project has failed, or failing?

90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".


Bitcoin is was not designed to enrich the poor. It is fair money. Fiat currencies, like the dollar, are subject to manipulation of all sorts. It can be used unfairly by issuer. Bitcoin does not allow for anyone, even if they own 99.999% of the supply, to change the protocol.However, if your neighbor owns a factory, they may be making more than you and buying more bitcoin than you.

Anyone is welcome to own bitcoin and nobody can stop us from it. That includes people who can buy large sums of bitcoin. They of course pay large sums of other wealth to get it, it is fair. Even if how the banksters got their money originally is not. You know, the fiat they got from us all.