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Bitcoin is owned by a tiny oligarch and operated by an ASIC monopoly in China called Bitmain. https://howmuch.net/articles/bitcoin-wealth-distribution https://
by badge 8y ago
Bitcoin is owned by a tiny oligarch and operated by an ASIC monopoly in China called Bitmain.
https://howmuch.net/articles/bitcoin-wealth-distribution https://howmuch.net/articles/bitcoin-wealth-distribution
As you can see, over 95% of all bitcoins in circulation
are owned by about 4% of the market. In fact, 1% of the
addresses control half the entire market.
There's a theory Bitfinex and Tether might have created aprox 3 billion in counterfeit USD in order to steal and launder Bitcoins and manipulate their exchange and as a result, the entire cryptocoin market.
Comprehensive investigation is detailed here:
https://medium.com/@bitfinexed https://medium.com/@bitfinexed