Quote from: Cluster2k on September 19, 2014, 06:31:44 AM

Quote from: AnonymousEconomist on September 18, 2014, 08:49:37 AM

Bitcoin was created to fight this mentality of the top 1%.

'Satoshi Nakamoto' has been silent for years on the topic. Chances are he / she / they are a bit disgusted with what has happened to bitcoin during that time. If, as alleged, bitcoin was created to fight the 1%, it has just been replaced with a new 1%. Most bitcoins are concentrated in very few hands. They got those bitcoins when a CPU could make a few per week and the cost was cents per bitcoin. Now the new 1% look upon the rest of the population who must spend $1k on a miner that will over its entire lifetime produce maybe 0.5 bitcoins.

Satoshi is not an idiot. There will always be a 1%. Bitcoin is designed to be a store of value, currency, and means of transfer. Not to fight human nature.