1% of the Bitcoin community own more than 90% of all the bitcoin.
With 1% of the community owning 90+% of all the bitcoin manipulation is certain.
As everything is based on Bitcoins price as it is the main trading pair, most other crypto currencies have the same issue as bitcoin.
A fair distribution is what Crypto is lacking.
And this is what we aim to solve & contribute to solving.
Our aim is for fair distribution to take place so there no monopoly of the money like the current fiat systems of the world.
Not another ERC20 token, Bitcoin Black will be a stand alone coin based on block lattice built upon a code base fork of NANO.
Important things needed:
Distribution needs to be done over time.
Coins need to be held for some time so that initial community members are not able to sell. The intention should be community growth, not a fiat related short-term gain.
The community needs to reach 1 million members prior to opening the coin to high volume exchanges.
Many cryptocurrencies slowly become less distributed through manipulation and become controlled over time. The proof is evident with how the fiat systems evolve and become concentrated to a small percentage of the holders or participants in the fiat community.
The creating founders that drive the project forward need to own less than 5% of total supply combined to ensure that the distribution is fair and the goal of the project (for fair distribution) is achieved.
PROBLEM
All fiat is owned and used as a tool of control.
Crypto is the perfect vehicle to solve this issue.
However it is of belief a small amount of money from the top of the previous doomed fiat system has flowed into crypto and manipulated all.
In May 2017 market cap was approx 36 billion.
December 21st 2017 market cap was approx 628 billion while the masses were encouraged to enter crypto for the promise of being rich.
The rise in 7 months was unnatural and the small hand which was responsible in driving the price up.
January 9th it hit over 800 billion only to crash down to 260 billion on march 31st, during this period, elite accumulated more through trading.
At these volumes it isn’t speculators money, it is a systematized method to drive the masses away from crypto currency and for the elite to acquire a larger percentage of the market for another round of accumulation giving they a bigger playing hand. Even if it is a loss to them to gain more of a market percentage they are playing with trillions of dollars and have more to lose than finances.
Only 0.003 % of the world (250,000) are estimated to own at least 1 bitcoin.
All fiat is owned and used as a form of control.
Cryptocurrencies are the perfect vehicle to solve the issue of control; however, it is believed that at least a small amount of money from the elite of the previous (now) doomed fiat systems have made their way into cryptocurrencies and have started manipulation of the system.
In May of 2017 the market capitalization was approximately 36 billion. On December 21, 2017 the market capitalization was approximately 628 billion. The masses were encouraged to enter cryptocurrencies by the promise of becoming rich. The rise in 7 months was unnatural and it was a small segment of the overall market participants who were responsible in driving the prices up. On January 9, 2018, the market capitalization surpassed 800 billion, only to tumble down to a market capitalization of 260 billion on March 31, 2018.
During this period of time, the elite accumulated more cryptocurrencies through trading. At those noted volumes it isn’t speculator money that was involved, but rather a systematized method to drive the masses out of cryptocurrency to allow for the elite to acquire a larger percentage of the market shares (for another round of accumulation) giving them a larger share of the market for further manipulation. Even if those market participants suffered a loss through accumulation at higher prices and the corresponding price drop in the market, it was a win in the sense that they were able to control a greater percentage of the market.
Solution
Distribute widely at the outset, with no member of the community to own more than 0.5% of the total supply and incorporate a spend and replace system, making it difficult for manipulation to enter.
