Post
Topic
Board Economics
Re: Speculation will kill Bitcoin. Distribution of ownership will save us all.
by
cbeast
on 28/12/2014, 08:56:09 UTC
The problem with bitcoin is that wealth isn't distributed between a wide enogh amount of people...MtGox displayed that one major power can really make an impact on Bitcoin via the limited supply & small minority of shared wealth.
MtGox proved that most people are really stupid about handling their money. Hopefully the lesson was learned.

This is the distribution phase.
Bitcoin will always be distributed fairly because it goes directly where it is needed, not trickled down to where it is needed.