Having been into this a number of years ago, I still follow BTC and other coins peripherally on occasion. I’m surprised to see just how much it has become institutionalized having been co-opted by institutions. Sure, regulation is necessary to protect investors I get that but … I wonder how this form of tech helps societies (your average joe) other than marginalizing people even more who don’t understand it and also aiding in the creation of an even wider wealth gap. What’s the point other than the narrative answered by BTC cultists?
Hi Steven, if you read this and may care to reply. What do you say about the small percentage of Wallets that holds a major amount of the existing BTC. Could this not be compared to the situation we have nowadays with Governments printing money. If one of these giant wallets will make a move it could have a very similar effect. Kind regards
Hey this is Steven, so those statistics are flawed due to the fact they count exchange wallets (consisting of millions of people's funds) as a single entity and the artificially draw up highly concentrated figures
@@theforum7952Hi Steven, thank you for your answer. I didn't refer to these wallets. But what about the wallets of Nakamoto, Micro Strategy, Elon, Winkle.. etc. Wouldn't those be immense shareholders if Bitcoin really becomes the "world currency"? Skip the answer if my question is bad research. That's what made me skeptical so far, Bitcoin parading as decentralized while being highly centralized after all.
@@theforum7952Hi Steven, that's not what I meant, I mean for example the satoshi wallets, micro strategy, winklevoss, elon etc. Those will be immense shareholders and could highly affect the price with movements on their wallets. Would you agree that this is a problem and makes BTC actually less decentralized than it appears to be?
Having been into this a number of years ago, I still follow BTC and other coins peripherally on occasion. I’m surprised to see just how much it has become institutionalized having been co-opted by institutions.
Sure, regulation is necessary to protect investors I get that but …
I wonder how this form of tech helps societies (your average joe) other than marginalizing people even more who don’t understand it and also aiding in the creation of an even wider wealth gap.
What’s the point other than the narrative answered by BTC cultists?
Hi Steven, if you read this and may care to reply. What do you say about the small percentage of Wallets that holds a major amount of the existing BTC. Could this not be compared to the situation we have nowadays with Governments printing money. If one of these giant wallets will make a move it could have a very similar effect. Kind regards
Hey this is Steven, so those statistics are flawed due to the fact they count exchange wallets (consisting of millions of people's funds) as a single entity and the artificially draw up highly concentrated figures
@@theforum7952Hi Steven, thank you for your answer. I didn't refer to these wallets. But what about the wallets of Nakamoto, Micro Strategy, Elon, Winkle.. etc. Wouldn't those be immense shareholders if Bitcoin really becomes the "world currency"? Skip the answer if my question is bad research. That's what made me skeptical so far, Bitcoin parading as decentralized while being highly centralized after all.
@@theforum7952Hi Steven, that's not what I meant, I mean for example the satoshi wallets, micro strategy, winklevoss, elon etc. Those will be immense shareholders and could highly affect the price with movements on their wallets. Would you agree that this is a problem and makes BTC actually less decentralized than it appears to be?