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0 pointsEisenstein2y ago0 comments

~2,000 addresses own ~45% of all bitcoins.

* https://bitinfocharts.com/top-100-richest-bitcoin-addresses....

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yieldcrv2y ago

and the top 1% owns over 50% of all wealth

https://www.bloomberg.com/news/articles/2021-10-08/top-1-ear...

https://www.globalcitizen.org/en/content/wealth-inequality-o...

Pick whichever source you respect more so

A) we know its the same distribution with bitcoin

B) now you know its the same distribution as with other markets

C) knowing that and knowing that bitcoin didn't set out to change that, lets us focus on other things within the crypto ecosystem

EisensteinOP2y ago

The top 1% of the USA which you linked about is over 1.3million people. As opposed to fewer than a few thousand? And bitcoins can't don't inflate, so... those 2000 addresses (probably only 50 to 100 people, at most) own most of the bitcoins, forever. I don't think you realize how big of a deal that is.

yieldcrv2y ago

its an infinitely divisible asset, and nodes can debate tail emissions all they want without any input from old holders. and it also depends on what you care about, what do you care about that makes you care about that? something about bitcoin being a universal reserve asset or something? because that has nothing to do with anything I care about.

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yieldcrv2y ago

and the top 1% owns over 50% of all wealth

https://www.bloomberg.com/news/articles/2021-10-08/top-1-ear...

https://www.globalcitizen.org/en/content/wealth-inequality-o...

Pick whichever source you respect more so

A) we know its the same distribution with bitcoin

B) now you know its the same distribution as with other markets

C) knowing that and knowing that bitcoin didn't set out to change that, lets us focus on other things within the crypto ecosystem

EisensteinOP2y ago

yieldcrv2y ago

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j / k navigate · click thread line to collapse