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Lots of articles make this mistake -- they use the distribution of Bitcoin in wallets to determine the wealth distribution. This is extremely flawed not only be
by lend000 9y ago
Lots of articles make this mistake -- they use the distribution of Bitcoin in wallets to determine the wealth distribution. This is extremely flawed not only because many miners hold their coins over multiple wallets (e.g. Satoshi) but moreso because exchange wallets are counted as single individuals.
- jjeaff 9y agoYes. And tons of articles and people are also making the mistake of thinking the sites tracking BTC transfers are actually transactions either purchasing or selling Bitcoin for cash. In reality, they are mostly internal transfers.