It seems now that BTC and many of the main cryptos are our of reach for a majority of people. Its become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and volatile price which makes transacting in BTC for goods and services practically impossible. Its fair to assume that satoshi would be appaled by what is taking place.
What do you mean by 2 people owning 40%? I thought btc was highly diversified. Surely the price is still rather high, but, what's worse, the transaction fees are crazy. For that reason surely not a lot of people can afford bitcoin. Yet the same doesn't hold for other cryptos. They are mostly very affordable even if the prices are high, since one can buy nearly any amount of coins. I guess eventually, if btc is not fixed, people will just turn to other coins like litecoin and ethereum.