Post
Topic
Board Speculation
Re: Bitcoin Market is down.
by
BanditCharlie
on 12/09/2018, 04:47:58 UTC
Wealth Distribution 2012 (wiki): Top 0.6% (42 million people) holds 40% of the money

Bitcoin Wealth Distribution (Dec 2017): Top 1000 people hold 40% of the bitcoin.



(Personal math: If 80% of bitcoin have been mined already, and every bit of the remaining 20% go to non-whales, that still means whales control 32% of the bitcoin supply at the end of the day)



I'm a cautious HODLer, but can someone explain to me why this isn't really bad? Because on paper, this makes bitcoin look more lopsided than the fiat currencies it seeks to destroy. I don't want my mass-adopted currency to be at the whim of 1,000 people.