Bitgesell

PARETO PRINCIPLE ON BITCOIN AND BITGESELL The Pareto Principle is attributed to the Italian polymath Vilfredo Pareto. In 1896, Pareto observed in his garden that 80% of the peas came from 20% of the peapods. Later, in his studies, he concluded that 80% of the land in Italy was owned by 20% of the population, a pattern also observed in other countries with similar or nearly identical figures. While the 80/20 proportion is not a strict mathematical rule or economic principle, it suggests a tendency where 80% of the effects result from 20% of the causes. This trend is evident across various fields and domains. For example, in most companies, 20% of regular customers account for 80% of the consumption of goods or services. In the workplace, it is also observed that 80% of production comes from 20% of the employees. The principle teaches that the majority of the outputs/outcomes are created by a vital few things.  The same principle applies to fiat money, risk assets or limited-