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People that already have money can buy a bunch of bitcoin Along with early miners How is that controversial? There is zero mechanism to change that reality a
by vmception 4y ago
People that already have money can buy a bunch of bitcoin
Along with early miners
How is that controversial?
There is zero mechanism to change that reality and not an issue bitcoin was claiming to solve. Whichever frothing at the mouth enthusiast told you otherwise can just be ignored.
This is only news because people never made their own analysis after hearing someone else be excited for the wrong reasons.
- throwoutway 4y agoBecause shills say that it will democratize finance better than banks/USD/WTO/ and make a more equitable future. Which of course is bogus, and data like this is needed to contradict the lies
- vmception 4y agoI think it already has, I could never get a flash loan elsewhere, or trade in some ways that I like. The closest I could get was access to some favorable margin systems. I don't think that has anything to do with bitcoin or any cryptocurrency’s distribution. Its a boon, to me, that it functions like any other asset class, no reason to hold it up to fictional higher standards to discredit it.
- majormajor 4y agoMy main takeaway from concentration is that it indicates potential price volatility if a whale makes a move.
- vmception 4y agoWe can judge market depth in fairly real time though so we know what size of order can and does move