A Gift To Mankind: CryptoG launches global wealth distribution project
CryptoG has launched a global wealth distribution project aimed at restoring financial power back to the people. Its official token, CTG, is a digital currency used within its community as a worldwide cross-border anonymous payment system in exchange for goods and services, 100% backed and redeemable for gold. “With our secure private gold vault located […]
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Everyone knows that global wealth is unevenly distributed. The top 1% has control over almost 50% of the global economy. But how does bitcoin wealth distribution compare to the global distribution of fiat and fixed assets? This gorgeous infographic explains: It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million,....
Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin's original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own....
Promoted: Bitcoin ATM operator CoinFlip has now added a layer to its mission of banking the unbanked with a gift card marketplace. The post CoinFlip Launches Bitcoin-Enabled Gift Card Marketplace appeared first on Bitcoin Magazine.
Just this morning, Gyft, Inc, the lead mobile gift card company announced the Gyft Points program to reward customers for use of gift cards. In May of this year, Gyft began accepting Bitcoin for payment back and as a result exponentially increase the growth of the number of opportunities for individuals to shop with Bitcoin. An individual is able to purchase 1 of 50,000 gift card options and as a result put Bitcoins to use. Gyft put out the following press release: Gyft Launches Rewards Platform to Give Consumers Up to 3% Back on Gift Card Purchases. Expands Options for Payment to Include....
According to Walker, host of The Bitcoin Podcast, Bitcoin’s share of the world’s wealth is still tiny. It sits at about $2 trillion in market value. That’s just 0.2% of roughly $1 quadrillion held across all assets. For many investors, that number brings a sense of how early this market really is. Yet, it also raises questions about what comes next for this highly talked-about coin. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Global Wealth Distribution Real estate holds the biggest slice of that $1 quadrillion pie. At around $370 trillion, it....