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Bitcoins - the underlying concept is actually quite elitist

creakyknees [Edit] [Delete] 14:48, 29 November '13

because their integrity would seem to lie in their being limited in number (21 million I think). Which means that if they were evenly distributed then there would only be 21 million people able to own one.

But they will not be evenly distributed, for people will trade with them and thus some 'retailers' would accumulate bitcoins. Thus perhaps only 10 million people would have them.

I believe that there is the concept of them being divided into 100 zatoichis......BUT this would then still mean that most of the world would not be able to possess them. (also this dividing up would not allow total free independance for each zatoichi)
If it were to be divided up even further then wouldnt this dilute the integrity of a bitcoin as something unforgable, even further.

Just asking, I dont really know much about them, just wondering what enthusiasts on here thought.


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