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> 96% of it is controlled by 4% of people Is that true? Source please
by bringtheaction 9y ago
> 96% of it is controlled by 4% of people
Is that true? Source please
- barbegal 9y ago4% of addresses contain 96% of Bitcoins[1]. It could be true that 96% of Bitcoins are controlled by 4% of Bitcoin owners but there's no way of knowing. Some addresses belong to multiple people, some to no one, multiple addresses belong to some people... It also depends on what you mean by "controlled by". Large amounts of Bitcoin have been deposited in exchanges where the coin "owners" have no control over the coins. For example Bitfinex stores about 1% of Bitcoins in a single wallet [2] [1] https://www.zerohedge.com/news/2017-09-19/cryptocurrency-concentration-just-4-own-over-95-bitcoin https://www.zerohedge.com/news/2017-09-19/cryptocurrency-con... [2] https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmc...