Comments on: In the Bitcoin world, half the wealth belongs to the 0.1 percent https://blog.p2pfoundation.net/in-the-bitcoin-world-half-the-wealth-belongs-to-the-0-1-percent/2014/05/22 Researching, documenting and promoting peer to peer practices Tue, 27 May 2014 15:43:59 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Rassah https://blog.p2pfoundation.net/in-the-bitcoin-world-half-the-wealth-belongs-to-the-0-1-percent/2014/05/22/comment-page-1#comment-727422 Tue, 27 May 2014 15:43:59 +0000 http://blog.p2pfoundation.net/?p=39129#comment-727422 You apparently missed that when 1% owns 46% of the world’s wealth, that DOESN’T MEAN that they own 46% of all US dollars. It just means that everything they own, be it money, stocks, property, or whatever, comes out to about 46% of the total wealth, whatever currency you measure it in. So claiming that there is wealth inequality in bitcoin because a few people ow bitcoin and the rest of the world does not, is about as stupid as claiming that since only a small percentage of the world owns a Subway franchise, that those owners are ridiculously rich, or are contributing to inequality, because most people around the world don’t own a Subway franchise.

Also your WordPress choice for “normal products and services” was a horrible pick. Try asking Gyft, which is used by bitcoiners for normal sopping almost ever day. Or Overstock (sold over a million in bitcoin transactions). Or better yet Coinbase and BitPay merchant processors, who have overseen tens (maybe hundreds) of millions in bitcoin transactions for “normal products and services.”

]]> By: Mike Riddell https://blog.p2pfoundation.net/in-the-bitcoin-world-half-the-wealth-belongs-to-the-0-1-percent/2014/05/22/comment-page-1#comment-717277 Fri, 23 May 2014 09:54:40 +0000 http://blog.p2pfoundation.net/?p=39129#comment-717277 “Hundreds of thousands of shill accounts, with vast rivers of wealth moving back and forth – for one purpose only: to deceive. None of it was done by accident”

Correct!

Is it true that Satoshi what’s-his-face is actually an ex Goldman’s investment-banker from Manhattan, NYC?

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