5 ms·
Wallets != people. Without proof of personhood, you never know the distribution.
by iskander 5y ago
Wallets != people. Without proof of personhood, you never know the distribution.
- jonathan-adly 5y agoThis right here. Everybody running and screaming about the OP statistic have 0 knowledge how bitcoin works or purposefully spreading false information. It's like the elections being stolen, or anti-vax propaganda or whatever other idiocy being spread on FB on any given moment.
- cuteboy19 5y agoNo, OP is correct actually >95% of Bitcoin is owned by 2% This is just the lower limit on the concentration of wealth in Bitcoin, found from onchain data. Since people can have multiple addresses it is possible that the 2% actually control 97% or even more of btc supply
- seedless-sensat 5y agoThis isn't necessarily true, because some of those largest wallets are probably exchanges/trusts. It can go both ways: one wallet may have many owners, and one owner may have many wallets.
- jonathan-adly 5y agoCan you tell me right now how many wallets does Satoshi have?
- epgui 5y agoIsn't this a problem? More specifically: assuming we can't derive it by some clever means, or approximate it from some tax reporting data, isn't it a problem that we can't get such a distribution? I mean this not as a moral judgement, but more as a system dynamics concern. It's easy enough to see how wealth concentration can destabilize a money/value system absent other factors. So my concern isn't about what's right or wrong socially, but whether there might be a reason to question the implicit trust that the maths will work out.
- numtel 5y agoJust wait until you find out that there's not even a block explorer for monero.
- deleted 5y ago[deleted]