Re: Has Bitcoin Finally Lost Its Decentralization?

Quote from: SquirrelJulietGarden on Today at 11:53:56 AM

Quote from: mrquackquack on Today at 10:03:55 AM

Thats a question we all would like to know. Has Bitcoin been finally sold out to big businesses, corporations, investment groups and even countries??

The Pareto principle says 80% of bitcoin would belong to 20% Bitcoin owners. This principle works for many areas and cases, I believe it continues to work rightly for Bitcoin distribution too especially if we only count unlost bitcoins.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
https://www.bitcoinmagazinepro.com/charts/hodl-waves/

If you use the second chart for HODL waves, and account for possible unlost bitcoins, you will see Pareto principle works.

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Has Bitcoin Finally Lost It's Decentralization?

No. Its decentralization still exists, with network hash rate distribution and with Bitcoin full node distribution.

https://buybitcoinworldwide.com/mining/by-country/
https://bitnodes.io/

Let's say hypothetically that CIA is actually the creator of BTC (as per conspiracy theories), how decentralized is it if they sell their 1M+ stack to like already big holder BlackRock/Microstrategy? :/

What happens then? Is that enough of a "market share" to make things scary in freedom/decentralization aspect?