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~2,000 addresses own ~45% of all bitcoins. * https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html https://bitinfocharts.com/top-100-richest-bitcoin

~2,000 addresses own ~45% of all bitcoins. * https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html https://bitinfocharts.com/top-100-richest-bitcoin-addresses....

yieldcrv 4y ago
and the top 1% owns over 50% of all wealth https://www.bloomberg.com/news/articles/2021-10-08/top-1-earners-hold-more-wealth-than-the-u-s-middle-class https://www.bloomberg.com/news/articles/2021-10-08/top-1-ear... https://www.globalcitizen.org/en/content/wealth-inequality-oxfam-billionaires-elon-musk/ https://www.globalcitizen.org/en/content/wealth-inequality-o... Pick whichever source you respect more so A) we know its the same distribution with bitcoin B) now you know its the same distribution as with other markets C) knowing that and knowing that bitcoin didn't set out to change that, lets us focus on other things within the crypto ecosystem
- Eisenstein 4y ago
  The top 1% of the USA which you linked about is over 1.3million people. As opposed to fewer than a few thousand? And bitcoins can't don't inflate, so... those 2000 addresses (probably only 50 to 100 people, at most) own most of the bitcoins, forever. I don't think you realize how big of a deal that is.
  - yieldcrv 4y ago
    its an infinitely divisible asset, and nodes can debate tail emissions all they want without any input from old holders. and it also depends on what you care about, what do you care about that makes you care about that? something about bitcoin being a universal reserve asset or something? because that has nothing to do with anything I care about.
    - Eisenstein 4y ago
      Sure. Convince yourself that that an infinitely worse system is an improvement on a system that is already terrible. Either you are entrenched due to sunk cost fallacy, libertarian brain-rot, or you are naive. I hope the lesson you end up learning doesn't cost too much in the end.
      - yieldcrv 4y ago
        I told you what i like and you presented strawman arguments The developer story is not the same as a speculator story

~2,000 addresses own ~45% of all bitcoins. * https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html https://bitinfocharts.com/top-100-richest-bitcoin-addresses....

yieldcrv 4y ago

and the top 1% owns over 50% of all wealth https://www.bloomberg.com/news/articles/2021-10-08/top-1-earners-hold-more-wealth-than-the-u-s-middle-class https://www.bloomberg.com/news/articles/2021-10-08/top-1-ear... https://www.globalcitizen.org/en/content/wealth-inequality-oxfam-billionaires-elon-musk/ https://www.globalcitizen.org/en/content/wealth-inequality-o... Pick whichever source you respect more so A) we know its the same distribution with bitcoin B) now you know its the same distribution as with other markets C) knowing that and knowing that bitcoin didn't set out to change that, lets us focus on other things within the crypto ecosystem

Eisenstein 4y ago
The top 1% of the USA which you linked about is over 1.3million people. As opposed to fewer than a few thousand? And bitcoins can't don't inflate, so... those 2000 addresses (probably only 50 to 100 people, at most) own most of the bitcoins, forever. I don't think you realize how big of a deal that is.
- yieldcrv 4y ago
  its an infinitely divisible asset, and nodes can debate tail emissions all they want without any input from old holders. and it also depends on what you care about, what do you care about that makes you care about that? something about bitcoin being a universal reserve asset or something? because that has nothing to do with anything I care about.
  - Eisenstein 4y ago
    Sure. Convince yourself that that an infinitely worse system is an improvement on a system that is already terrible. Either you are entrenched due to sunk cost fallacy, libertarian brain-rot, or you are naive. I hope the lesson you end up learning doesn't cost too much in the end.
    - yieldcrv 4y ago
      I told you what i like and you presented strawman arguments The developer story is not the same as a speculator story