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As time goes by and Bitcoin becomes more widespread, it gets more expensive. Can you imagine a guy today with 5% of economy in wealth? Also, even if it is not e
by oleganza 14y ago
As time goes by and Bitcoin becomes more widespread, it gets more expensive. Can you imagine a guy today with 5% of economy in wealth? Also, even if it is not economical to steal from him, there is usual level of paranoia that many crypto folks share.
- mcherm 14y ago> Can you imagine a guy today with 5% of economy in wealth? Ah, how easy it is to forget history. A few examples from http://en.wikipedia.org/wiki/List_of_wealthiest_historical_figures http://en.wikipedia.org/wiki/List_of_wealthiest_historical_f... Cornelius Vanderbilt: 1.15% of US GDP John D. Rockefeller: 1.53% of US GDP
- GFischer 14y agoCarlos Slim, 8% of Mexico's GDP. http://theweek.com/article/index/200797/7-things-to-know-about-carlos-slim-helu http://theweek.com/article/index/200797/7-things-to-know-abo... ""it's hard to spend a day in Mexico and not put money in [Slim's] pocket." You can barely make a call without doing so: Slim's phone company Telmex — snapped up on the cheap in 1990 — controls 80 percent of the landlines; its subsidiary América Móvil handles 70 percent of the cell service. " "For Bill Gates to have the same grip on the U.S. economy, says Brian Winter in Foreign Policy, he would have to be worth "909 billion" and own "Alcoa, Phillip Morris, Sears, Best Buy, TGIFriday's, Dunkin' Donuts, Marriott, Citibank, and JetBlue.""
- Evbn 14y agoWow, that is more that plenty to motivate a socialist revolution.
- Evbn 14y agoThe units aren't comparable in the sense of wealth. He has $X million, just like Paul Graham.