submitted by /u/dvempy [link] [comments] |
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Wednesday 16 February 2022
Friendly reminder - Bitcoin is Apolitical by design
Next time you are tempted to push a political agenda, ideology or movement (right or left) on the back of an agnostic technology, ask yourself if you’ve been victimized by the same propaganda machines Bitcoin was originally designed to circumvent.
Never, ever forget, the Bitcoin network runs nodes out of socialist, communist, fascist and capitalist countries. It follows none of these political ideologies because it’s not human. It doesn’t care. It is apolitical by design.
Bitcoin is technology - let’s keep the conversation there. Reddit has enough political subs for smooth-brained apes to throw shit at each other.
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No, 10% of Bitcoin owners DO NOT own 99% of the bitcoins...
Those "Bitcoin wealth inequality" statistics go from very misleading to outright false and unfounded anti-bitcoin FUD (just like the Bitcoin energy use FUD ones). Here's the corroborated info debunking them (check out the bottom link for a thorough research):
It is well documented that Bitcoin is not centralized, in any way.
Here's a Glassnode thorough analysis regarding distribution:
https://insights.glassnode.com/bitcoin-supply-distribution/
Highlights:
No, Bitcoin Ownership is not Highly Concentrated
Not all Bitcoin addresses should be treated equal. For instance, an exchange address holding the funds from millions of users needs to be distinguished from an individual's self-custody address.
A Bitcoin address is not an "account". One user can control multiple addresses, and one address can hold the funds from multiple users.
Edit: Also this info from Woo
Willy Woo on Twitter:
A longitudinal study of #Bitcoin's supply distribution since the genesis block.
Summary:
Bitcoin continues a 12 year trend of distributing evenly. Small holders are a rising force. (Includes new data unseen before from Entities, not addresses on-chain analysis.)
https://twitter.com/woonomic/status/1418192184767963136
This is an excellent DD and comprehensive "centralization" rebuttal:
No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)
https://old.reddit.com/r/Bitcoin/comments/qhlxfr/no_bitcoin_is_not_controlled_by_a_small_group_of/
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Tuesday 15 February 2022
Why BCH burning(locking) when the BCH is limited in number? #21Million
Instead of just burning (locking) the coin why they are not allowed to be mined again?
That way maybe it'll take time to mine the whole number of coins, but the adoption would still keep the price at a good bar and the original 21 millions are still in circulation?
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source https://www.reddit.com/r/btc/comments/ssiotz/why_bch_burninglocking_when_the_bch_is_limited_in/
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Crypto is pretty much the only reason I used Reddit anymore, and I'd like to stop using this website. submitted by /u/TheTruthHas...
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submitted by /u/FearlessEggplant3036 [link] [comments] source https://www.reddit.com/r/btc/comments/12gt49l/supposedly_insiders_in_t...
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submitted by /u/KillerHurdz [link] [comments] source https://www.reddit.com/r/btc/comments/a6bm9y/discussing_bitcoin_power_dyn...