Quote from: ZephramC on February 11, 2014, 08:44:51 PM

Quote from: deisik on February 11, 2014, 08:30:35 PM

Quote from: WynX on February 06, 2014, 11:28:12 PM

Does it really seem feasible to expect such a sudden shift of wealth?

This is simply not possible for very simple and rather obvious reasons. The main of which is that wealth doesn't mean money (though it can be described or calculated in money terms, it's one of money functions). Wealth is what you can (or cannot, for that matter) buy with the help of money, not the money itself (bitcoin or not bitcoin)...

Even if you had a trillion dollars in ~~cache~~ cash in your warehouse, you wouldn't be able to buy a country since nobody would sell you power. Real power can only be taken...

This is also the reason why even the richest people on Earth (or some Megacorporation) cannot simply "buy a house, food and clean water for everyone on Earth". Either price of houses, food and water will increase tremendously or we will run out of houses soon or we will damage economy in the long run by such malinvestment.

Actually, they could provide a house, food and clean water for everyone on Earth. They could build houses and they could grow food instead of just buying them (or pay somebody who would do), but this wouldn't be effective employment of available resources (in plain words: no profits gained). So, why should they in the first place?