Help me understand bitcoin

[SvennoJ]

jlauro said:

SvennoJ said:

Maybe not the old rich, but it's definitely designed to make the creators trillionaires. Every 4 years the number of new bitcoin that can be minted is cut in half. If that doesn't scream designed to make the early investors super wealthy, then what does. It's upside down. What does the average Joe, walking around in the 3rd world (the majority of the population of this planet) benefit? We (on here) all are the rich, part of the 1%!

The standard of living has gone up around the world.  Instead of the top 1%, being on here I would guess is closer to a sign of somewhere between top 10% to top 40%, maybe even top 60% depending on whose numbers you go by. Still fun facts like top 1% have 47% of the wealth, but being around the 50% mark is a lot better now than 50 years ago...

Income inequality is still on the rise, and yeah fun fact. Old graph I guess, 47% now?

60% on here, I don't think so.