Bitcoin Richlist

[fullhdpixel]

I have two question-
1. Exchanges are being the giant although BTC holding by them are from customers. Still it's possible that they are trying to be a controller of the crypto community which is very bad I guess.

2. If top 50 people hold 50% of BTC and BTC becomes the global currency, we may face once again the previous era. Being slaver to certain people.

Think at from the point of macro economy. In my opinion, it's something we need to talk.

Like you said, it could be owned by exchanges, but that does not mean that it is the exchanges that own everything, there are still going to be people’s bitcoin on them, and remember that there are many traders using some of these exchanges, which they have to keep the money in the exchange wallet and I believe that this would be part of the reason why we have limited number of people holding majority of the coin.

This could actually be a problem anyway, if the holders of these coins are individuals, it could still cause inflation, but I doubt if individual would actually be the one holding more of those cryptocurrencies, and don’t forget that the only way it can work against us is when government makes it the only currency of the world, otherwise, people would shift attention to altcoins making those bitcoin holder to lose.

[1715291678]

1715291678

[1715291678]

1715291678

[MURONDI]

50% of the bitcoin held by the top 50 people is not private property but belongs to many people who are stored on the exchange, Exchanges do not have the right to use bitcoin unless the exchange is fraudulent, although bitcoin is the main crypto but not everyone uses it, many choose other crypto alternatives, like in China, the top-ranked crypto is EOS not bitcoin, so in my opinion even though 50% of bitcoin is held by the top 50 people it won't really matter.

[ololajulo]

2. If top 50 people hold 50% of BTC and BTC becomes the global currency, we may face once again the previous era. Being slaver to certain people.

Except the government owns a good part of this 50% they wont show any interest in it as we expect. There are possibility of a good portion in USA and china. I dont think we can get out of a decentralized space with percentage of bitcoin been held by such few people. It can always be easy for exchanges and whales to manipulate this space but I know at a point they will release some of the bitcoin to pump the space in terms of bitcoin, traders should know when to hold on to some.

[clickerz]

If you see the distribution of wealth comparison worldwide, you will see that 0.6% of the world population holds 39.3% of the world's wealth!

Reference: https://en.m.wikipedia.org/wiki/Distribution_of_wealth

Bitcoin is not going to change the equation. But it may add few more people in the list increasing the percentage of both parameters. We all are modern day slaves, that ain't gonna change for all!

Yeah bitcoin adds a few addition to that wealth,  and sad that only 0.6% controls  almost 40% of it. What we need right now is an organic growth by spreading distribution of bitcoin across the planet. Adoption is the key and right now, there is a explosive growth of digital wallet whether its decentralized or not. This is a good start, as more and more joining the game, and in the future its easy to transfer cash to different platform.

[ChrisPop]

Again Bitcoin is NOT the saviour of the poor people. There will always be an imbalance in the world regarding the wealth concentration. There will always be lazy people and hard-working people. And there will always be thieves. We as humans can't be the same because everyone of us is unique with its own abilities and defects.

Thus it's normal that BTC to be concentrated in the hands of who believed the most in it or who hoarded it. I'm not against it, BUT we need to have a decentralized network. That's what Bitcoin and cryptocurrencies are about.