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“.01% of bitcoin holders hold 27% of all bitcoin! That’s 100x the wealth concentration of the regular economy.”
Next time someone tells you cryptocurrencies and blockchain are about decentralisation, laugh in their faces. Loudly. While pointing at them.
NitterMore Perfect Union (@MorePerfectUS)NEW: In the crypto economy, the 1% is old news.
.01% of bitcoin holders hold 27% of all bitcoin! That’s 100x the wealth concentration of the regular economy.
Crypto, which was supposed to decentralize wealth and power, has just made it worse. We investigate with @munecatmusic:
@aral It seems as though you don't understand what decentralization means.
@jknigga It seems you’re mistaken.