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That's correct but there is still a huge issue for me with Bitcoin, which is that the vast majority of BTC is owned by literally a handful of people. It should
by Synaesthesia 6y ago
That's correct but there is still a huge issue for me with Bitcoin, which is that the vast majority of BTC is owned by literally a handful of people. It should be well distributed if it's gonna succeed as a currency and it never will be.
- Sammi 6y agoNo one can gatekeep anyone from buying and owning Bitcoin. It is infinitely divisible, so anyone can partake at any level. Anyone can put their savings in Bitcoin. In contrast to today's financial markets where size gives you huge leverage and access that you don't get otherwise. This is why the rich are getting richer currently. But the future of financial markets and wealth will be as distributed as the crypto assets and protocols will be.