Old topic, but still up to date.
The website is now down, it was transferred for a new owner.
Small bump
Topic: decentralization of crypto - % of money supply held by top 100 wallets (Read 159 times)
January 21, 2019, 06:56:46 AM
May 15, 2018, 10:10:58 AM
I have just discovered this website today
https://arewedecentralizedyet.com/
This website shows the % of money supply held by top 100 accounts of those coins, which are the top in coinmarketcap.
Ripple's centralization is ridiculous, let's just ignore it.
According to this data, bitcoin is still the most decentralized cryptocurrency. Could be better, but we are on our way!
35% of ethereum tokens are on top100 address. Is PoS really a good idea?? Maybe Ethereum still needs to mature some more time to distribute these coins?
https://arewedecentralizedyet.com/
This website shows the % of money supply held by top 100 accounts of those coins, which are the top in coinmarketcap.
Ripple's centralization is ridiculous, let's just ignore it.
According to this data, bitcoin is still the most decentralized cryptocurrency. Could be better, but we are on our way!
35% of ethereum tokens are on top100 address. Is PoS really a good idea?? Maybe Ethereum still needs to mature some more time to distribute these coins?
Leave others and check the Stellar, 95% of all stellar supply is held by top 100 accounts, what decentralization are we talking about?
I know that Stellar was created by a founder/team member of Ripple and pretty much acts like a copy of Ripple and I have noticed that every time the Ripple price gets pumped or dumped then right after that Stellar is affected directly by Ripple so It's not good to have two tokens with same behavior, but who cares if they are becoming richer and richer every month.
May 15, 2018, 08:50:56 AM
I am disappointed with the Ethereum Casper update and the minimum 1500 defined to be able to stake your coins.
As 35% of Ethereum coins are on the top 100 address, centralization may become a bigger issue on Ethereum.
As 35% of Ethereum coins are on the top 100 address, centralization may become a bigger issue on Ethereum.
May 09, 2018, 02:17:22 PM
there are many layers..
the protocol = centralised all nodes have to follow cores roadmap or get ban hammerd
the token currency authorisation = distributed (some funds are centralised into exchange privkeys some are decentralised into individuals sole control
upgrade proposals = centralised. consensus is no longer used, its cores way or bilateral forked
the ledger = distributed. across many nodes but those nodes are using cores rules to deem the blocks as worth of being stored/logged
the protocol = centralised all nodes have to follow cores roadmap or get ban hammerd
the token currency authorisation = distributed (some funds are centralised into exchange privkeys some are decentralised into individuals sole control
upgrade proposals = centralised. consensus is no longer used, its cores way or bilateral forked
the ledger = distributed. across many nodes but those nodes are using cores rules to deem the blocks as worth of being stored/logged
May 09, 2018, 01:53:36 PM
Definition of Decentralised Market: "A market structure that consists of a network of various technical devices that enable investors to create a marketplace without a centralised location."
...
This topic is irrelevant, so is the website.
if you ignore the consensus mechanism that is being developed by most of these coins;
if you ignore your own quote;
if you ignore that few investors can control the price of the asset if they own a great stake;
if you ignore that the number of entities controlling mining power affects decentralization;
if you ignore a million things that I am not in the mod right to point out...
even your quote doesn't make sense. Dollar is decentralized according to it.
May 09, 2018, 01:41:58 PM
"Decentralised" DOES NOT HAVE AN EXTENT. IT'S EITHER YES(DECENTRALISED) OR NO(CENTRALISED)
"% of money supply held by top 100 accounts of those coins"
Does this rate being high or low affect the fact that those coins are decentralised or not?
As far as I'm concerned, you can't decide the extent of decentralisation. I mean, something is decentralised, or it isn't. You also can't compare cryptos like "x is more decentralised than y". It's either decentralised or it isn't.
Definition of Decentralised Market: "A market structure that consists of a network of various technical devices that enable investors to create a marketplace without a centralised location."
According to that, the outspread of the amount of coins does not affect the fact that bitcoin is decentralised.
Bitcoin is decentralised: not because the amount of coins are evenly spread (and it actually isn't evenly spread); but because it's based on a network of computers (blockchain) that enables miners to track and validate the transactions, and it is not regulated by a central government or a bank, it is regulated by the users themselves.
This topic is irrelevant, so is the website.
"% of money supply held by top 100 accounts of those coins"
Does this rate being high or low affect the fact that those coins are decentralised or not?
As far as I'm concerned, you can't decide the extent of decentralisation. I mean, something is decentralised, or it isn't. You also can't compare cryptos like "x is more decentralised than y". It's either decentralised or it isn't.
Definition of Decentralised Market: "A market structure that consists of a network of various technical devices that enable investors to create a marketplace without a centralised location."
According to that, the outspread of the amount of coins does not affect the fact that bitcoin is decentralised.
Bitcoin is decentralised: not because the amount of coins are evenly spread (and it actually isn't evenly spread); but because it's based on a network of computers (blockchain) that enables miners to track and validate the transactions, and it is not regulated by a central government or a bank, it is regulated by the users themselves.
This topic is irrelevant, so is the website.
May 09, 2018, 01:32:14 PM
I have just discovered this website today
https://arewedecentralizedyet.com/
This website shows the % of money supply held by top 100 accounts of those coins, which are the top in coinmarketcap.
Ripple's centralization is ridiculous, let's just ignore it.
According to this data, bitcoin is still the most decentralized cryptocurrency. Could be better, but we are on our way!
35% of ethereum tokens are on top100 address. Is PoS really a good idea?? Maybe Ethereum still needs to mature some more time to distribute these coins?
https://arewedecentralizedyet.com/
This website shows the % of money supply held by top 100 accounts of those coins, which are the top in coinmarketcap.
Ripple's centralization is ridiculous, let's just ignore it.
According to this data, bitcoin is still the most decentralized cryptocurrency. Could be better, but we are on our way!
35% of ethereum tokens are on top100 address. Is PoS really a good idea?? Maybe Ethereum still needs to mature some more time to distribute these coins?
Jump to: