How does long term redistribution of wealth look?
I was hoping to see discussion/reading around:
- As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin.
With various stories of people losing wallet access, and some owning multiple addresses with BTC, I'm not sure how many people 44.15 million addresses translates to.
- Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined.
There are a few different sources and some number variance on the next two points:
- Current minimum transaction amount being 0.00000001 BTC (1 Satoshi)
- World population approximately 8 billion
River doesn't disclose the U.S. government amount, but this article suggests it's about 1%:
With about 25% of that BTC being from seizure of assets in illegal market.
Does this suggest:
If distribution of wealth was split evenly, which of course would never happen, people could have approximately 200k Satoshi or 0.002 BTC, assuming all coins are available and we have about the same population.
How does this balance out in terms of government logistics, business paying wages, and consumers being able to purchase goods?
How do we realistically balance out the value of goods, employee time, ect? My head has a hard time wrapping around this topic. Is the best strategy to hold as many as long as you can until this discussion plays out? But then how does adoption/redistribution continue?
With current distribution of coin, would it truly be that the 44.15 million, primarily the ones listed above, see obscene wealth?
Would the end game end up involving multiple currencies?
Would more BTC be adjustment in minimum transaction?
TL;DR: With over 90% of BTC that is supposed to exist owned by 44.15 million unique addresses how can I trust my employer pays me right and my grocery store isn't stiffing me.
If I've overlooked something that goes into this discussion please share a link!
Edit: Better bolding and some more things I found I feel are related to the topic.