What does this fact make with you?
95% of all #Bitcoin is owned by ~5% of holders.
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Replies (6)
I wasn’t asking what you think about me but what you think about this fact.
It makes me ask what the gradient is.
Is it getting more concentrated or less?
What if it gets more concentrated
Then it is not really better than fiat or etherium, is it?
If Bitcoin become THE money it will become more distributed over time. Eventually, sellers of goods and services will demqnd payment in sats, not fiat.
It is also my belief, that w/o Cantillion effect & “risk free interest” money tends to concentrate less especially across a time span of several generations.
But so far it is theory. With time we will have data.