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Other than a non functioning economy where wealthy oligarchs control everything simply for showing up a few years early and taking control of the money supply b
by badge 8y ago
Other than a non functioning economy where wealthy oligarchs control everything simply for showing up a few years early and taking control of the money supply because they already had surplus capital to either mine or purchase the easily produced Bitcoins in 2009-2016..
Bitcoin has a higher inflation rate than USD.
Bitcoin inflation rate per annum: 3.87%
USD Current inflation rate for the United States is 2.7%.
Early in Bitcoin history, by design Bitcoin went though a period of hyperinflation where Satoshi and a few users acquired most of the coins in circulation.
Aprox 4.11% of Bitcoin users (addresses) control 96.53% of all bitcoins in circulation.