That's about 7% of all Libertycoin in circulation.
Either from a single buyer or from 2 or more people all wanting to buy at the same price.
The concentration of coins into fewer and fewer hands looks like it is continuing.
And yet the top wallet of around 725k yesterday is down to 500k today.
The top wallet has dumped 30% or more of their holding.
Hmmm
It's going to take weeks to get all the larger hands to unload. If this drops to 1k I would expect a jump in price again like what we saw last week.
I'm not saying anyone is scamming, just a quick breakdown of where the coins are based on the published Rich List.
The Libertycoin Rich List (I wonder why it's called that) only accounts for 5.771 million coins
There are roughly 800k coins
missing from it which is weird. I wonder where they are?
The top 5 wallets combined hold 34% of all coins (of 6.5 million coins)
The top 10 wallets combined hold 58% of all coins (of 6.5 million coins)
The top 15 wallets combined hold 77% of all coins (of 6.5 million coins)
Taking a sensible lower limit of 1000 coins, there are 501 wallets with 1000 or more.
This means roughly 23% of all coins are held in 486 wallets, at an average of around 0.45% each (of 6.5 million coins)
The average is a little misleading ... there are 30 wallets with over 100k after the top 15.
This is freely available information
http://xlb.blockexplorer.cc/richlist/index.php?min=0I suspect a similar pattern is repeated for nearly all the other coins.
When such a concentration of "wealth" is held in so few hands, a (wo)man is no longer in control of his/her own destiny - (s)he is at the mercy of the rich, subject to their whims and control, which is no different to the current banking situation we are all trying to get away from.
Dude stop talking bullshit, the market value of libertycoin is $ 278K, you can buy a lot of coins because now the price is very cheap.
The large wallets are exchanges, Mintpal, Crispty, etc. ..
Unless you like to pay more for some XLB I do not know which problem to buy now ... with a 5BTC you purchase 1% of all XLB is very cheap!
BUY WHILE STILL CHEAP!
) here. We might miss them in this crowdy topic
