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> It's a system that exists to favor the few and it's time to disrupt the orgy. I've got news for you: BTC: 2% of the anonymous ownership accounts that can b
by mbesto 6y ago
> It's a system that exists to favor the few and it's time to disrupt the orgy.
I've got news for you:
BTC: 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency's blockchain control 95%[0]
ETH: Just 376 People Found to Own a Third of All Ether Cryptocurrency[1]
[0] - https://www.bloomberg.com/news/articles/2020-11-18/bitcoin-whales-ownership-concentration-is-rising-during-rally https://www.bloomberg.com/news/articles/2020-11-18/bitcoin-w...
[1] - https://www.bloomberg.com/news/articles/2019-05-15/just-376-people-found-to-own-a-third-of-all-ether-cryptocurrency https://www.bloomberg.com/news/articles/2019-05-15/just-376-...
- chabes 6y agoAre you familiar with the concept of cold wallets held by exchanges? https://www.longhash.com/en/news/3257/A-New-Way-of-Measuring-Crypto-Exchange-Dominance:-Cold-Wallet-Storage https://www.longhash.com/en/news/3257/A-New-Way-of-Measuring...
- mbesto 6y agoI am. What's your point? If you don't think crypto, an anonymous unregulated security, is being manipulated by a small amount of people then I have a bridge to sell you.
- eindiran 6y agoI think that OP's point was likely that many of these wallets are actually cold wallets for exchanges and institutions, rather than individual whales. The article's definition of whales is pretty loose anyway: "individuals who hold their assets in digital wallets and not on an exchange".
- deleted 6y ago[deleted]