Another day, another doofus peddling FUD for attention on the bird app
https://ift.tt/ZQFful9
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**
> 1. 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.
>
> 2. 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
[This is good for Bitcoin](https://gyazo.com/055231405a6afe32b160038022758c0c).
> 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/
Cryptocurrency
