reminder that bitcoin wealth is about 100 times more centralized than US dollars
reminder that bitcoin wealth is about 100 times more centralized than US dollars
www.cbsnews.com Bitcoin has its own 1% who control outsized share of wealth
"Significant skewness in ownership" of bitcoin suggests future wealth will fall "disproportionately to a small set of participants," researchers said.
Those top players represent a mere 0.01% of all bitcoin holders and yet they control 27% of the digital currency, the Wall Street Journal reported. That compares to the old-fashion dollar, where the top 1% controlled 30% of total U.S. household wealth, according to Federal Reserve data.
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Absolutely no one could have predicted this