If this doesn't set off loud alarm bells in your mind you don't know what you're doing with your money.
4% of BTC addresses own over 97% of all Bitcoin in circulation.
This proves that, from the beginning, the whole cryptocurrency project was one which was inherently designed to draw in wealth, moving it upwards to those who were early adopters.
No, anons, none of you were early adopters. The real ones were around 2008-2009 who mined thousands of Bitcoin each day, then set off on a giant shilling campaign to interest new, dumb money.
The whole market is built on a house of cards. The moment one of these whales decides to move his BTC, is the moment the market crashes to 0.
People are invested under the assumption that Bitcoin is decentralised. 4% of people own 97% of the market, I can't think of anything more centralised than that.
Bitcoin will go down in history as the single greatest ponzi scheme of all time, 100000x bigger than anything Madoff could have dreamed about.
Robert Flores
not a ponzi
those genesis block wallets will never be touched anyway as satoshi is kill
David Ortiz
Big if true
Leo Butler
wtf I hate bitcoin now
Hudson Young
just bought 100k
Joseph Parker
and yet it has a more even distribution than fiat. lol.
this is how all forms of wealth accumulate btw, it's nothing new
Zachary Richardson
>I can't think of anything more centralized than this Fiat you dumbfuck, 1% have 99.9%.
Bentley Lewis
addresses don't work like people. I could create a thousand addresses right now and skew the percentage even further
Alexander Rodriguez
jesus christ what the fuck is that chart
Are pie charts not cool enough any more?
Logan Gonzalez
>He doesn't realize people have more than one BTC wallet
>He doesnt realize exchanges are huge wallets
>He doesnt realize how many newly created BTC wallets never get used and skew this data
Charles Miller
THINK OF THE COMPARISON TO TULIPS!!!!!!
IF THIS DOESNT SET OFF LOUD ALARM BELLSS IN YOUR MIND CMON!!!!!!!!!!!!!!!!!
Benjamin Morales
Wow! Bitcoin is about as decentralised as fiat- "I'm going to use that as an argument even though the entire point of Bitcoin was to create a decentralised currency, one that was totally different to fiat"
This is your average investor.
Jack Williams
Wealth always forms a pyramid, OP - that's not particularly damning. If you can show me how the distribution has been changing over time, if it isn't changing for the better, or if you can prove that the majority of old wallets haven't been lost... then I'll worry.
Michael Ward
...
Gabriel Lewis
Yep, and now watch all the shut-in cucks here deny, deny, deny.
Can't wait for the big blue wave in 2018 and 2020. When Dems get power back, this crypto shit will be banned.
Sure, a lot of NEETs will rage about it, thinking their winning lottery ticket has just been shredded.
In reality, government action will save a whole fuckton of money. The average investor is far too stupid for crypto, and it will only end in horrific bankruptcies and suicides if this shit continues unabated.
Luis Johnson
this most addresses are empty random computer generations
Carson Allen
If I have to choose between phycopathic jews and nerds (and I do have to choose) i'll take my chances with the nerds.
Henry Reed
You should read up on what decentralized means.
You're thinking of communism vs capitalism. That has nothing to do with decentralization.
Brayden Cruz
Yeah. This data is meaningless.
Zachary Myers
>blue wave
Joseph Peterson
prety sure its not that high, something like 1% own something lke 60%. the difference in fiat, is that 80% of fiat isnt even real
Jason Brown
If bitcoin were equally distributed it would have no value
A commodities value comes from its scarcity, which in practice means the inequality of its distribution
Joshua Collins
implying btc is a commodity. thats also just like 1 of a thousand reasons a commodity is valuable.
Jonathan Morris
delete this
Thomas Phillips
>pyramid scheme >bitcoin's inherent value comes from evading capital controls of weak currency nations and black market online purchases >XMR does this better than bitcoin
Bitcoin is MySpace, Monero is Facebook
Adam Green
This is no different than stating that a small minority of rich people own more than the majority. Which has always been the case. So what - did you think bitcoin was going to bring about a socialist paradise? Lol
What OP fails to do also is account for the fact that the vast majority of btc addresses are single use. I've gone through hundreds over the years and of course they are now empty.
Nicholas Powell
Capitalism is a pyramid scheme.
Blake Moore
...
Christian Collins
i've been recommended to buy bitcoin by my cousin. is it a good idea, or should i do stocks instead? i'm new to this whole idea of trading market. thank you. also how reliable is it? are there still hacks?
James Gutierrez
You fucking brainless mong
Just eight people own more wealth than half of the world
And the other 1% owns 90% of the fiat
How stupid are you , seriously
Are you 15?
Kevin Young
>2% own 99.999% of the tulips By Gob...
Ryder Cook
> look at this graph
> mfw pie chart
Ethan Taylor
In America 10% of the people hold 90% of the capital.
So is America a Ponzi scheme too? Is investing in America a mistake?
Aiden Sullivan
Back to normieland with you.
Luke Moore
>Is investing in America a mistake? Probably, yeah - it's only a matter of time until we print ourselves out of the national debt.
Brayden Garcia
delete.
Aaron Nelson
Did I touch a nerve?
That's a terrible argument, like I said earlier.
The entire point of Bitcoin was to be decentralised, unlike fiat, and yet, all you can say is "b-b-but fiat is also centralised!!!!"
If the core advantage of Bitcoin isn't actually real, as this graph proves, then why are you invested in it?
kek.
Aiden Jenkins
Just fuckin buy it Mike, cash out when you double your money
Easy
Samuel Robinson
>govt >saving money >ever
Colton Rogers
>those genesis block wallets will never be touched anyway as satoshi is kill you have to be a retard to believe this.
Wyatt Scott
This. Satoshi is dead no way he wouldnt have come forward by now that's like 10 million btc lost forever