Tuesday 28 October 2014

400 #Bitcoin millionaires with at least BTC2,000 hold 40% of Bitcoin.

The price of #Bitcoin needs to go down even further preferably to $0.0108695 for each Bitcoin. This would make it affordable to ALL the world and especially the "Disadvantaged". The Hoarders of Bitcoin MUST be forced to sell so that they can release it for circulation. It is a currency it is supposed to flow through use. IT IS NOT a commodity!

The advantages of the #Bitcoin are immense and they are meant to benefit humanity NOT just a few hoarders of the currency see https://bitcointalk.org/index.php?topic=316297.0

* the 400 bitcoin millionaires with at least BTC2,000 hold 40% of bitcoins.
* 100,000 owners with BTC10-BTC2,000 ($5,000-$1,000,000) hold 50% of the bitcoins.
* 900,000 owners have a holding of BTC0.002-BTC10, valued at $1-$5,000, and hold 10% of the bitcoins
The claim has always been that Bitcoin will benefit the unbanked the most. With this they mean the "disadvantaged" mainly of the 3rd world. How are the "disavantaged" supposed to spend their meager resources to buy Bitcoin at such artificially inflated prices?!

It is exploitation to say the least.

Remittances will benefit most when #Bitcoin is used. Where is most money remitted to? Asking these foreign workers to buy Bitcoins at these prices is "Robbing the Poor".

A System MUST BE FOUND to stop people from hoarding Bitcoin, it is a currency NOT a COMMODITY! This hoarded Bitcoin needs to be released into circulation so that the full benefits of the currency can be enjoyed all! 




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6 comments:

  1. Unknown30 October 2014 at 08:06

    This comment has been removed by the author.

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  2. Unknown30 October 2014 at 08:06

    It is amazing for me to see that such a low percentage of the population actually holds that much of the Bitcoins in circulation. The problem is, how do we get some of these Bitcoin millionaires to let go? The system of Bitcoins does have great potential but a lot of changes need to happen before things will work out.

    ReplyDelete
  3. Anonymous31 October 2014 at 08:16

    percentage is really great...This is a great explanation of Bitcoin without being too technical or too simple.

    ReplyDelete
  4. Anonymous31 October 2014 at 08:18

    i think this is true,, This would make it affordable to ALL the world and especially the "Disadvantaged".

    ReplyDelete
  5. Anonymous31 October 2014 at 08:21

    the 400 bitcoin millionaires with at least BTC2,000 hold 40% of bitcoins. It is amazing for me to see that such a low percentage of the population actually holds that much of the Bitcoins in circulation.

    ReplyDelete
  6. Anonymous31 October 2014 at 08:22

    So what happens when the population grows and we need more bitcoin???

    ReplyDelete

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