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July 11, 2013, 07:30:54 PM

I'm not talking about spending as in the bare necessities like hookers & blow, i meant spending which could be avoided -- lending for profit, investing, "spending money to make money," the boring stuff.  I simply don't see how molecular believes that Bitcoin is bound to disperse wealth. (Bitcoin:  Champion of the poor.)  If anything, once you discount extremes (one person owns every bitcoin), nothing encourages spending like inflation Smiley

I believe the reasoning is that it would remove unfair advantages and wealth distribution to big banks (special loan conditions, cantillon effect etc.), plus the fact that middle-class families tend to have a larger percentage of their savings in inflation-sensitive fiat, whereas rich people can more easily diversify in the housing market, etc. .

If it wasn't for days like yesterday on MtGox, i'd have to dig deeper for proof of the opposite. Smiley  But, in all seriousness, while the rich have a definite edge in finance [ Shocked ], the advantage only grows with deflationary currency [textbook stuff here].  BTW, my question was much shallower & simpler:  If wealth tends to disperse in Bitcoin economy, and I'm looking to get rich (be a node of wealth concentration), it seems to follow that backing Bitcoin is not in my best interest.  I think.