Post
Topic
Board Bitcoin Discussion
Re: 90% of bitcoin is owned by 2% of user base
by
Baofeng
on 07/10/2022, 23:59:18 UTC
Price discovery is impossible with the whales controlling 90% of all bitcoins minted.

Proof or this is just fake news. We even don't know how much Satoshi holds.

 The original intent of bitcoin as a neutral asset disappeared long ago.  Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.  

Depends, there are still user like me who treated bitcoin as as a payment system. Although I used 3rd party services, still though I used my bitcoin this way. Or course I will agree that it has evolved as well, but it doesn't mean that it will stabilized, bitcoin still and will be a volatile asset.

Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels.  Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.

I disagree, bitcoin is not being advertised by anyone, not even Satoshi in the beginning or the early adopters.

Two 1.5 hour videos on the subject on streaming TV interviewing early adopters and investors who have made and lost money.  

Too bad for, you lost 1.5 hours of your time watching those interviews when you can spend that in the forum and learn so much from the creator itself and maybe to some early adopters not willing to have interviews in TV.