90% of All Bitcoins reside in 1% of Bitcoin adresses

[Anonymous No.1689488]

All the Bitcoins ever mined are in only 1% of the Bitcoin addresses that have balances. Chances that you are a nocoiner = 99%

Bitcoin is the 1% rebranded.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Anonymous No.1689495]

if you tried to sell a million dollars worth of bitcoin the price would tank to $500 a coin

[Anonymous No.1689506]

>bitcoinfucks will justify this

[Anonymous No.1689507]

>>1689495
Though it would take a bit to chew through a 1000+ BTC sell wall, you are wrong.

[Anonymous No.1689512]

>>1689495
if i had that many coins id totally do it just to watch all of the /biz/ on suicide threads pop up over the next month or so

[Anonymous No.1689520]

>>1689512

Consider that you don't have that much wealth is because you would perform vindictive actions like that? You're gonna die poor, me too.

[Anonymous No.1689528]

>>1689520
my bad, i forgot that im not allowed to joke on a super serious cambodian tapestry wall

[Anonymous No.1689537]

>>1689528
Jokes on you though thinking you could get that much btc in your lifetime.

[Anonymous No.1689547]

[Anonymous No.1689564]

>>1689547
Its not really a pyramid scheme

Its just that the chinese industrial farm outmines everyone else and so it can own the market.

[Anonymous No.1689599]

>>1689564
Without liquidity "suckers" Bitcoin is usless to the early adopters.

http://www.investopedia.com/articles/04/042104.asp
The Scheme

As its name indicates, the pyramid scheme is structured like a pyramid. It typically starts with one person - the initial recruiter - who is on top at the apex of the pyramid. This person recruits a second who is required to "invest" a certain amount, which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest. If the recruit gets 10 more people to invest, he or she will make a profit with just a small investment.

Further, the new people become recruiters and each one is in turn required to enlist an additional 10 people, resulting in a total of 100 more people. Each of those new recruits is also obligated to pay their investment to the person who recruited him or her. Recruiters get a profit of all of the money received, minus their initial investment paid to the person who recruited them. The process continues until the base of the pyramid is no longer strong enough to support the upper structure, and there are no more recruits.

[Anonymous No.1689605]

>>1689520
Newsflash: Rich people crash shit all the time.

[Anonymous No.1689609]

>>1689599
https://www.cryptocoinsnews.com/bitcoin-sell-wall-death-chomped/

30k sell wall chomped like nothing.

[Anonymous No.1689613]

>>1689495
this is patently false

>>1689488
a lot of the "richest addresses" are probably holding coins on behalf of customers or a company. they do not represent individual wealth.

[Anonymous No.1689627]

>>1689613
And the reality is that you have no idea.

What is reality is the wealth is very concentrated.

[Anonymous No.1689638]

>>1689627
In places like Coinbase and BTC China, just as banks concentrate USD

[Anonymous No.1689651]

>>1689638
Yes Coinbase. The same place that is about to have a fake fight with the IRS that the IRS is going to win.

Bitcoin = the 1% rebranded

[Anonymous No.1689698]

>>1689488

Aren't there large Chinese corps that own huge warehouses of servers to mine every last coin? I thought I remember seeing people investing in infrastructure in Iceland because of tax benefits + cold weather

[Anonymous No.1689717]

>>1689488
Reminder that if the Private Key to a Bitcoin wallet is lost, those coins are lost forever.

I'd bet that of those top 114 wallets, there's no access to 100 of them. Those 2.5 million + bitcoins are lost forever.

[Anonymous No.1689718]

>>1689698
>90% of All Bitcoins reside in 1% of Bitcoin adresses

[Anonymous No.1689973]

That feel when you part of the 0.13%

Feels great man.

[Anonymous No.1690221]

>coping this hard
I can understand.

[Anonymous No.1690224]

>>1690221
>tfw $ 1k later this week

[Anonymous No.1690238]

is there supposed to be a problem with that? bitcoin isnt communist shit, its not about getting something for nothing.

[Anonymous No.1690242]

>>1690221
I already know what it's gonna do.

Do you?

Still wouldn't touch it with a ten foot pole.

Nothing in life is free.

[Anonymous No.1690245]

>>1690238
They are the same cucks that will defend the Rothchilds and the Rockefellers etc having 99% of money out there WHILE being able to print money out of nowhere at will vs a system where people has what they deserve based on laws of physics (risk/reward) and it's impossible to scam (to create money supply at will), not to mention the claims of BTC distribution ITT are fucking retarded,

They don't deserve to get rich from BTC and they will not.

[Anonymous No.1690246]

>>1690242
doesnt matter what you think it will do now, you already missed the boat. if you havent already made 6 figures+ from bitcoin youve lost.

[Anonymous No.1690260]

>>1689488
>https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Is this site trustworthy? Am I reading this right?
Out of the top 100 addresses 60 have never had an outgoing transaction?

That seems really strange to me...

>>1689717
I thought so too. But of those 100 every single one is shown as having had an incoming transaction in 2016. Who the fuck would continue to put BTC into an inactive wallet?

>>1689613
I think it goes the other way. A lot of the richest addresses are probably just the same people opening different wallets to spread their risk out. I'd be very surprised if there's more than 50 owners among those 100 addresses. There's 21 wallets with an even 10k BTC in them and a bunch of other very even numbers higher up the list. It's obvious they're just distributed storage and not individual people. If there's no cost associated with opening a new wallet, there's essentially no reason to keep all your wealth in one place with very high risk of loss and tracability.

[Anonymous No.1690279]

>>1690242
>being this short sighted

Holy shit, stay away from trading.

Bitcoin is breaking out of a bull pennant (look it up), and is shooting for the moon right now.

Expect 1k this week, and once that happens things are going to really pick up.

[Anonymous No.1690291]

>>1690260
change address is my guess. and right about the distribution. the number of addresses per individual goes up as the risk/value goes up.

this also ignores all the retail users' balances stored in shared addresses at places like coinbase.

that said there are defnitely thousands of users with 100+ bitcoins.

[Anonymous No.1690294]

>>1690279

Technical assessments of trading patterns are a mask for High Frequency Trading algos programmed to do whatever the programmer tells it to.

Simply put the patterns are programmed and then "technical experts" point them out as if they were real.

Clever illusion.

Turing test complete on you.

[Anonymous No.1690295]

>>1690279
You're joking right? You really expect it to hit 1k and then skyrocket to 3-4k?

[Anonymous No.1690299]

>>1690295
1k is a major milestone which will receive tons of press coverage.

Especially in places like Europe, this will prompt a lot of interest from people who are weary of their failing currencies and government policies.

[Anonymous No.1690300]

>>1690299
You're a bit too optimistic lad.
I'm european, it won't get major press coverage. Literally nothing will be said about bitcoin, as usual.

[Anonymous No.1690301]

>>1690242
>Nothing in life is free.
I know, if you wanted one of my bitcoins you would need to pay me 930.95 dollarinos.

1k in a matter of hours.

[Anonymous No.1690303]

>>1690300
I'm talking about 1k dollars, not Euros.

[Anonymous No.1690305]

>>1690303
Still it won't get any press coverage. Last time bitcoin got any press coverage was 2013.

99% of people don't give a fuck

[Anonymous No.1690307]

>>1690305
>Still it won't get any press coverage.
t. increasingly nervous banker

[Anonymous No.1690308]

>>1690301
Coiners don't know what a Kansas City Shuffle is!
Oh the KEKS!
https://www.youtube.com/watch?v=ag31JHU8LPU

[Anonymous No.1690310]

>>1690305
>bitcoin's unique features need press coverage
People with money to move that isn't stupid will find bitcoin without mainstream media pumping it.

[Anonymous No.1690314]

>>1690310
I agree. But it won't go higher then 1100 - 1200 before the next major drop.

[Anonymous No.1690317]

>>1690305
looking at the price over the past couple of years it doesnt seem like it needs any, and when it does who knows how volatile it'll get.

[Anonymous No.1690320]

>>1690314
There will be a correction, the problem is, you don't know when, and you don't know when to buy back. Holding and buying every dip always wins.

[Anonymous No.1690322]

To the moon! To the moon!

[Anonymous No.1690329]

>>1690310
You're trying to hard now

[Anonymous No.1690346]

>>1690329
The shills absolutely *love* that picture. It's the easiest tell for someone you shouldn't take seriously. We had a time a few months back when there was always a thread up with that as OP. And when you confronted them about how it's cherry-picked bullshit they'd let the thread drop off and make another the next day.

Still don't know what they're getting out of it though. Shitcoins you can manipulate by roping a few idiots in, but BTC is far too big for that. It must be either pure memery or some sort of personal need for validation, because I can't for the life of me figure out a rational reason why anyone would aggressively shill BTC on here in almost 2017.

[Anonymous No.1690347]

>>1690260
>https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Never heard a coiner complain about it.
It is legit.

[Anonymous No.1690350]

>>1690346
KEK
Is the truth hurting your liquidity?
If BTC is intrinsically worth so much why do you need more adopters?
For the dump that's why.
Why do you even need to sell a product that it so awesome it should sell itself.
Admit it, your getting a bit shaken at the facts.

[Anonymous No.1690354]

I have like .30 waiting till im rich patiently

[Anonymous No.1690359]

>>1690350
i doubt anyone here has enough bitcoins that they actually need more people to adopt it to enable them to dump with enough liquidity.

[Anonymous No.1690366]

>>1690346
>>1690347
Is this how you cope?

[Anonymous No.1690369]

>>1690366
Are you trying to make my point for me or is it just general shitposting?

[Anonymous No.1690374]

>>1690369
What did you confront? seems like cope to me.

[Anonymous No.1690386]

>>1690374
>What did you confront? seems like cope to me.
In English please?

[Anonymous No.1690392]

>>1690260
>Out of the top 100 addresses 60 have never had an outgoing transaction?
Not hard to believe. If I had that much BTC, 60% at minimum would be in a hardware wallet that had never been in contact with the internet, with the private key encrypted and hidden in plain sight in case the hardware wallet is lost or destroyed.
Nobody would accumulate that much in the first place unless they believed BTC's future would make 2013 look like a good time to buy.

[Anonymous No.1690400]

>mfw I'm poor as dirt so I can't lose because I have nothing to lose.

Tell me, how does it feel to piss your pants in fear and regret every night holding to dear god to your bitcoins as you need them to pay your debts and for your future?

[Anonymous No.1690411]

>>1690400
if youve never had enough money to invest in anything speculative, stocks, private companies, crypto, etc, then you wouldn't understand anyway.

[Anonymous No.1690413]

>>1690386
You cry about that image displaying Bitcoin's objective superiority over other forms of money just coz muh meme money.

Sounds like cope to me.

[Anonymous No.1690415]

>>1690400
Went all in on the 150 dollar dip when I told everyone to buy and now im sitting on 7 figures and growing, how I can't sleep better than a god damn babby?

[Anonymous No.1690424]

>>1690374
When the people holding the bulk of the coins dump on you (which they will) then you will realize what it feels like to hold a bag of worthless crap.

Then you will be forced to cheer lead the crap you hold so that it can be worth something so that you too can dump into another suckers lap.

That is how a ponzi works...until it doesn't.

[Anonymous No.1690437]

>>1690415
When they sell they will sell so fast it will be like a missile blasting into a bunker.

Its gonna hurt

[Anonymous No.1690447]

>>1690415
dam son, doing better than me. i assume you leveraged up? that or you actually dumped six figures into it. 150 is probably the best entry you could have got in post-bubble bitcoin.

[Anonymous No.1690451]

>>1690437
memes aren't going to scare anyone with 6/7 figures worth of crypto. they've already been through more shit than you will in your entire life.

[Anonymous No.1690461]

>>1689488
shhh dont tell to the goyim

[Anonymous No.1690462]

>>1689495
this is bullshit, $100m+ worth is traded daily

[Anonymous No.1690475]

>>1690413
What are you on about? I think BTC is sweet and being jealous of other peoples' gains is a path to certain madness. Hindsight's always 20/20. Do you look at the previous day's best performing stock and start getting angry and writing online posts about not having bought it? Fuck no, good on whoever saw the light and did!

That image is still cherry-picked bullshit btw. I can't find my old copypasta and I'm too lazy to type a new wall of text. The gist of it was: There's probably about a three times as long list of properties of currencies. They just took the ones that make BTC look good and even fudged a few of those: BTC is far from durable, no-where near as easily transactable as fiat and what the fuck does "smart (programmable)" even mean as a "trait of money"?

Like any other currencly BTC has some properties where it excells and some properties where it's god awful. Omitting the latter is ignorant (or malicious) shilling. A blockchain currency is not "objectively superior". It's simply *different* - superior in some aspects and inferior in others.

[Anonymous No.1690481]

>>1690461

[Anonymous No.1690509]

>>1689599
You figured out how every society in the world works, congratulations.

[Anonymous No.1690548]

>>1690424
>That is how a ponzi works
It's literally not how a ponzi works.
You described a pyramid scheme.

[Anonymous No.1690576]

>>1690548
"In both Ponzi schemes and pyramid schemes, existing investors are compensated by the contributions of new investors. Ponzi scheme participants believe they are earning returns from their investment, while pyramid scheme participants are aware that they are earning money by recruiting new participants."

http://www.girardgibbs.com/ponzi-vs-pyramid-scheme/

[Anonymous No.1690630]

>>1690424
>When the people holding the bulk of the coins dump on you (which they will)
So are these the same people who have been pumping bitcoin for over 15 months now?
They seem dedicated lol.

[Anonymous No.1690636]

>>1690630
They let the 1 coiner lemmings do the cheer leading for them.

Once you have a bitcoin you become a cheer leader.

How else will you justify your investment?

You can kek, you can lol, and you can buy the fomo.

They will dump and you will be fooked.

Afterwards you will cheer lead so hard to dig yourself out of the pit while the exchanges get rich off of sheep fees.

[Anonymous No.1690678]

>>1690636
>Afterwards you will cheer lead so hard to dig yourself out of the pit
Is that what happened to cause this recent 15-month rise after the 2013 bubble?
Seems like a pretty sound strategy.

[Anonymous No.1690826]

>>1689512
No. We would buy the dip and profit.

[Anonymous No.1690950]

>>1690548

Sounds. Almost like.

THE GOVERNMENT

[Anonymous No.1690951]

>>1690475
>bitcoin is not easily transactable
kys

[Anonymous No.1690953]

>>1690424
All those addresses don't belong to single entities you dumb nocoiner, no single person can crash a 15 billion marketcap anymore.

[Anonymous No.1690957]

>>1690636
>this that go up will go down don't buy them

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[Anonymous No.1690972]

>>1690951
First off, you're quote mining. I said it's not *as* transactable as fiat, even though the image puts it in the same tier.

>You're on vacation in rural Malawi. Buy water with bitcoin.
>There is a power outtage. Buy a flashlight with bitcoin.
>You're in a rush, but want to pick up food from a street vendor. Buy a snack in under 3 seconds with bitcoin.

Fiat works independently of circumstances and technology and is confirmably exchangable in 1 second. Bitcoin can't beat that.

Your turn to "kys", blind shill.

[Anonymous No.1691023]

>>1690260
>It's obvious they're just distributed storage and not individual people.

Correct. For companies, exchanges, organizations which actually represent 1000's of individuals. There's certainly some whales out there who own 10,000+ coins but to suggest the top 50 addresses are owned by 50 individuals is lunacy.

>>1690392
This.

It's also worth noting that when you spend from an address you reveal the public key. Unspent from addresses are technically more secure as "breaking in" would require both ECC + SHA256 to be broken simultaneously.

ECC alone breaking (before bitcoin abandons the algorithm) would tank bitcoin's value anyway so it's probably a moot point but if you're holding thousands of coins why not?

[Anonymous No.1691064]

How to transact fiat in everyday life
>open up wallet
>here's a $20 bill
>thank you!

How to transact bitcoin in everyday life
>ok first you gotta set up a wallet, make sure you have a cold storage backup in case the exchange gets hacked, then go to an exchange or a bitcoin atm which are few and far between and put your money in, then wait an hour for confirmation. after that now you send it to my address which is aa73876ad8778b6786a87c6a876d876 then you wait another hour for the money to go through. by the way every transaction costs about 25 cents.
>see look how easy this is, fiat btfo. cope.

When will coiners learn?

[Anonymous No.1691073]

>>1691064
now THIS is coping

[Anonymous No.1691084]

>>1689488
Where did these anti-bitcoin shills came from?

[Anonymous No.1691106]

thanks to this thread i'm finally adding cope/coping to my filters.

coin shills are the absolute worst biz shitposters.

>mfw i get a (you) with people telling me to cope but i've already closed the thread and applied my filters

[Anonymous No.1691113]

>>1691106
cope

[Anonymous No.1691123]

>>1691106
Set all the filters you want.

AJ Frost coming to finish the job with a backup Armadillo.

Coiners are soooo fooooked

[Anonymous No.1691216]

>>1690300
http://www.handelszeitung.ch/digitalisierung/eu-will-missbrauch-von-bitcoins-stoppen-1303055

[Anonymous No.1691374]

>>1690953
Of course they can.
Although there isn't enough liquidity for all of them to get out at once.
The squeeze out will be epic as they all try and thread the needle at once.

[Anonymous No.1691768]

[Anonymous No.1691780]

>>1691106
>Coping this hard
Kekekekekek

[Anonymous No.1691781]

>>1690576
Nobody gets paid dividends on bitcoin you fucking idiot.

[Anonymous No.1691976]

>>1689613
true. Winklevoss have 1% of BTC for their ETF

[Anonymous No.1691984]

>>1690305
Your thinking is wring. It will break out, because the mass of dumb plebs out there still haven't woken up to it, YET

Successful investing is about having everyone else agree with you, LATER.

Change your thinking, or be poor forever.

[Anonymous No.1691989]

>>1690310
some of this is wrong. Gold is very scarce, and decentralized. Bitcoin is still better tho

[Anonymous No.1691991]

>>1691989

>Gold is very scarce

>>1691976

>Winklevoss

>>1689488

>free (mason)

[Anonymous No.1691994]

>>1691984

>wring
>it will break out
>mass of dumb plebs who still haven't woken up to
>it
>yet

>Successful investing is about having everyone else agree with you, LATER.

>Change your thinking, or be poor forever.

[Anonymous No.1692111]

>>1691064
>>1691106

This amount of coping helps me sleep good at night.

[Anonymous No.1692123]

>>1691781

Ponzi =/= dividends

https://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583

[Anonymous No.1692131]

>>1689488
saboshi haz al de coin

no coin lef fo yu

ocuply bicoin minrs

witte nd gook man own al de coin

[Anonymous No.1692297]

Who owns all those coins?

[Anonymous No.1692645]

>>1690636

That's why you get in, make your gains, and leave the table :P. This is the second bitcoin cycle I've made bank on (First time bought in at $550, sold at $850, this time bought in at $700, Sold half today, will sell the other half once it hits 1k).

Don't get caught holding the bag, the problem is it's really hard to exercise self control or stick to a strategy when you're in the money. Now if bitcoin moons will I be annoyed? Sure. But the odds of it mooning to $1500 to me are lower than it crashing again.

Can't wait to see all the greedy coiner's coping, meanwhile smart coiner money has already handed off the bag.

[Anonymous No.1692657]

>>1689488
It's almost has if capitalism is rigged.

[Anonymous No.1692803]

>>1689488
>>1692657

walled garden

[Anonymous No.1692869]

>>1692657
Because it is

[Anonymous No.1693145]

>>1689488
>rich people can afford more of something

Why is this a surprise to you?

Did you expect bitcoin to be some kind of great equalizer that stopped you from being poor?

[Anonymous No.1693148]

>>1689488
>>1693145
Also, too add.... do you know how easy it is to make a BTC address?

I've made hundreds on my own.

Every time i send money to my wallet it generates a new one as a passthrough.

The amount of wallets in existence means absolutely nothing, because I could literally go generate millions of them right now.

These stats are extremely misleading.

[Anonymous No.1693191]

>>1693148
You know what's not misleading?

Concentration of wealth amongst early adopters.

No one in this world builds things for the people.

They build it for money and power.

[Anonymous No.1693761]

>>1690295
3-4k by the end of 2017, is my estimate.

[Anonymous No.1693765]

>>1693761
kek

https://www.youtube.com/watch?v=YaEFUwt5eT8

[Anonymous No.1693789]

>>1690437
What an interesting shockwave.

[Anonymous No.1693792]

>>1693191
Early adopters took on more risk.
Why wouldn't they benefit more?

[Anonymous No.1693842]

>>1693792
Render to Caesar what is Caesars....
My watch must be broken cause I could have sworn it was time.

[Anonymous No.1693849]

>>1693792
Oh wait...it is smite time...my bad

[Anonymous No.1693850]

>>1690972
I like BTC but I see it as digital gold and a failure as a currency. You are not going to buy any of those things with BTC because the 1MB block size limit had pushed the fees for using it too high. Bitcoin can't compete with cash or debit cards, it is just for speculation and storing wealth.

[Anonymous No.1693924]

>>1693850
Like art dealers....

Professional money washers.

[Anonymous No.1694131]

>>1693850
It can and in fact outcompetes all payment processors once we have Lightning Network protocol running.

Its already a better gold, will be a better fiat

1 million per Bitcoin by 2025

[Anonymous No.1694195]

>>1694131
1 mil per coin?
I must buy them naow!

[Anonymous No.1694213]

>>1693842
>Render to Caesar what is Caesars....
You know this means "pay your taxes," right?
What does it have to do with bitcoin?

[Anonymous No.1694279]

>>1694213
Everything...

IRS Fires Back In Coinbase Case As It Seeks Access To Bitcoin User Data

http://www.forbes.com/sites/kellyphillipserb/2016/12/28/irs-fires-back-in-coinbase-case-as-it-seeks-access-to-bitcoin-user-data/#4dbf2715166c

[Anonymous No.1694282]

>>1694131
IF it is better than gold then you must remove gold from all of Bitcoin hardware infrastructure.

You cannot be better than something that you rely on.

[Anonymous No.1695678]

I remember I bought 9000 bitcoin for $50 and forgot about the eallet

So that's where it went!

[Anonymous No.1695775]

I like when bitcoiners make fun of fiat currency yet bitcoin is even more imaginary than anything. Bitcoin is literally backed by nothing but faith.

[Anonymous No.1695854]

>>1695775
with bitcoin you can buy other currencies through an exchange, for a fee of course

that's literally the only purpose or value that it provides

[Anonymous No.1695893]

Lot of coping ITT

Just admit you knew about bitcoin and dismissed it because you lack foresight and or are retarded

The same lying Jewish press that only reported negative stories about Trump is either ignoring this recent rise or writing lies about it.

Either way Trump couldn't be stopped and neither can Bitcoin so keep coping in whatever way helps you sleep at night

[Anonymous No.1695986]

>>1695893

>says the faggot who probly has 3 bitcoin max

[Anonymous No.1696013]

>>1695986
I'm at the point where proving my Bitcoin wealth to some faggot on 4chan would do me more harm then the satisfaction that comes from it.

Gook moot has all the ip addresses of every post ITT, I dont want him selling my IP address to some wacko who would torture me until I give him my bitcoins

Nobody irl knows I own bitcoin and it's the best way. Success breeds jealously and contempt.

[OP is retarded No.1696015]

>>1689488
As everyone who is not completely ignorant about bitcoin knows, the number of possible addresses is practically infinite and generating an address is easier than taking a fart. In fact the use of multiple addresses and one time addresses for transactions is normal practice for many reasons. Hence it's only natural the large majority of addresses are empty.

The OP is literally equivalent to claiming the countless numbers of physical wallets decomposing in landfills prove fiat is unevenly distributed.

>pic related, OP coping

[Anonymous No.1696020]

>>1690299
Remember last time it hit 1k? What happened after it hit the news again? Oh right it plummeted

[Anonymous No.1696043]

>>1696020
Last time it climbed 100x in less than a year, now it will be little over 2x over the same time period. You fucking brainlet.

Are you even a nocoiner? I bet you're just a scared eth bagholder.

[Anonymous No.1696120]

>>1696015
Came to post this. Shouldn't have taken so long to appear. Biz really is mostly retarded. At least it's not completely retarded like most places.

[Anonymous No.1696125]

>>1696015
redpill yourself

>>1690967

[Anonymous No.1696157]

>>1696125
>redpill

That word does not mean what you think it means. As a verb it is refers to obtaining the truth hidden in plain sight, not to being an ignorant fuckface that doesn't bother understanding in the slightest how stuff works. You're as blue as they get.

[Anonymous No.1696241]

>>1696157
You gonna school me on trickle down economics now?

Please continue...

[Anonymous No.1696308]

>>1696013

yet you literally imply you have a fuckload with this post, well done retard. lmao.

[Anonymous No.1696330]

How is this surprising? Tons of people including me made accounts which we never used. Most of the people who actively use BTC now are probably in the 1%

[Anonymous No.1696348]

Bitcoin could crash 50% for all I care, until something really eats into its market share of the overall crypto market, Bitcoin will continue to bounce back.

[Anonymous No.1696359]

>>1696015
so much dust because not all the funds were used in the transfer.

Yeah, I get it, the only alternative is to transfer your whole wallet, let the other guy take payment then send it back. Even more retarded.

[Anonymous No.1696483]

>>1689488

>made $50 in BTC a few months ago
>tfw it's worth $75 now

thank you based BTC

[Anonymous No.1696557]

>people feeling the need to let others know what is in their 4chin filters

Those posts are the worst. Just stfu, or go share your feelings on reddit.

[Anonymous No.1696770]

>>1696241
Take your political cheerleading to >>>/pol/

[Anonymous No.1696784]

I dont really care if the 1% hold most of the BTC.. thats capitalism at work

[Anonymous No.1696793]

>>1696784
Then you don't really care about much at all do you?

All those BTC freedom fighters trying to be their own bank looking to upset the banking industry with blockchain.

They ended up becoming what they disliked.

They didn't change the system.

The system changed them.

[Anonymous No.1696882]

>>1696793
the point of bitcoin is to be a decentralised form of payment that you can perform digitally. it has value, thus distribution will be uneven and based on how early you adopted it, how much money you initially had to buy in, and how smart you were trading it. no one wants bitcoin to be some communist equal-oppotunity bs, if thats what it was it wouldn't be worth anything and it would have failed.

[Anonymous No.1696898]

>>1696882
But it's not decentralized.

The exchanges = centralized
The mining = centralized
The news = centralized
The main forums = centralized

All set in place to protect the image no matter what it takes.

How much you want to bet that the concentration of wealth indicated in the coin distro pic has anything to do with the centralization structure.

Decentralization wording was bait to attract cheerleaders.

It worked.

[Anonymous No.1696926]

>>1696898
doesnt matter, still more decentralised than the existing solutions. mining centralization is only an issue if something like bitcoin unlimited or some other miner-controlled fork of bitcoin comes into play. exchanges have to be centralized if you want high liquidity and fast fiat<=>crypto exchanges. "news" and "forums" arent centralized at all, people just go where the largest community is, which is the entire point of a discussion board.

[Anonymous No.1696950]

>>1689488
>All the Bitcoins ever mined are in only 1% of the Bitcoin addresses

Yeah... this setup makes sure that NO ONE can manipulate or exploit the pricing of bitcoins.

The entire bitcoin game is about pumping up the price so the 1% can then trade their bitcoins for actual fiat currency.

[Anonymous No.1697036]

>>1696950
and why wouldnt you want a piece of that action, exactly? this is /biz/ not /ussr/

[Anonymous No.1697059]

>>1696950
This setup makes sure that THEY can manipulate the pricing and that THEY can then trade their bitcoins for actual fiat currency.

You haven't noticed that the IRS is showing up just in time for this pump?

They (1%) are now cornered.

You want to be cornered with them and the fake programmed market?

Go ahead.

[Anonymous No.1697078]

>>1697059
>IRS
who cares, people like me making six figures + in bitcoin dont care what the irs is asking for because its invisible to them until you cash out.

[Anonymous No.1697171]

>>1697078
fooked you are...

[Anonymous No.1697182]

>>1697171
i dont think you know how easy it is to bypass the irs especially when youre going direct from crypto to purchases. if it gets harder ive already saved enough money so its no big deal to me.

[Anonymous No.1698187]

>>1691064
Now let's take those cope-vision glasses off and see what it's like to transact bitcoin in real life:

>open up wallet app
>here's my QR code
>thank you!

[Anonymous No.1698730]

>>1698187
The thing about play money is no one will notice when it disappears.

BTC was designed so that a certain sector of the population could use it.

They were only trying to target a certain group to pay them off.

[Anonymous No.1698754]

>>1696020
>Remember last time it hit 1k?
That time it took 1 month to hit 1k.

This time it's taking 16 months.

If you can't tell the difference, then god help you.

[Anonymous No.1698863]

>>1698754
Programmed algos luv to fool you.

Keep pimping for that 1% holding 90% of those coins.

After all the do need someone to do the bitch work.

[Anonymous No.1698873]

>>1698187
LMAO

NOCOINERS BTFO ONCE AGAIN

[Anonymous No.1698923]

>>1691064
god what a moron. bitcoin addresses begin with 1 or 3