4 ms·
I'm amazed anyone is actually surprised by this factoid. Wealth has always wound up concentrated into a small minority of the populous. Why would it be any di
by SkipperCat 4y ago
I'm amazed anyone is actually surprised by this factoid. Wealth has always wound up concentrated into a small minority of the populous. Why would it be any different with Bitcoin?
Bitcoin did not start out being distributed to "the masses" in an even manner. It was mostly picked up by folks in the tech world who typically have excess wealth to engage in speculation. Then when it went big, you had the investor class (ie: Winklevoss types) jump into the fray.
Bitcoin, stocks, SPACs, 2nd homes... It's all the same. Stuff owned by rich people.