reminder that bitcoin wealth is about 100 times more centralized than US dollars (www.cbsnews.com)

submitted 5 days ago by underscores@lemmy.dbzer0.com to c/buttcoin@awful.systems

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Those top players represent a mere 0.01% of all bitcoin holders and yet they control 27% of the digital currency, the Wall Street Journal reported. That compares to the old-fashion dollar, where the top 1% controlled 30% of total U.S. household wealth, according to Federal Reserve data.

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[-] swlabr@awful.systems 10 points 5 days ago

Absolutely no one could have predicted this

this post was submitted on 20 Nov 2024

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