Can you give us any source? That article is only making assumptions.
Also, who couldn't say that it's the same for USD? or any fiat currency? You know, like.. bankers?
Topic: One thousand people control 40% of Bitcoin - page 4. (Read 978 times)
may be it will down soon 
remember that bitcoin is a currency in nature and in order for that currency to thrieve, it needs liquidity, it needs to flow.
Bitcoin is a commodity. The price fluctuates too much to be used as a currency.
I think they are the pioneers bitcoin, they invested from the start and now they are reaping the results of their investment. However, I dont think 1,000 people controls the 40% of bitcoin, remember that bitcoin is a currency in nature and in order for that currency to thrieve, it needs liquidity, it needs to flow. With a very limited amount of bitcoin plus take away 40% of it in circulation, then bitcoin should have crash by now
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
i'm not scary about this news you share 40 percent poeople control the bitcoin as decentralized blockchain i think 60 to 70 percent people controling bitcoin thats an scray scenario's because already a majority number than the normal bitcoin user.
These articles tend to be more political than informative.
They provide no information on how many people or entities control the remaining 60% of bitcoin.
In a 60/40 breakdown, it is the 60% which provides the controlling interest. If that block is decently distributed and controlled "by the people" it might be said that bitcoin represents a currency of the people. Hope is far from lost, here. Focusing solely on the 40% which might constitute a somewhat centralized paradigm could be considered agenda based political spin.
It is very interesting how a currency designed to be decentralized can have many centralized elements creep in. If people wonder about the next evolution of crypto or what the future holds, designing a currency which maintains an intrinsic decentralized nature better in terms of limiting centralization of miners or holders could be the quantum leap in improving crypto technology everyone is searching for.
They provide no information on how many people or entities control the remaining 60% of bitcoin.
In a 60/40 breakdown, it is the 60% which provides the controlling interest. If that block is decently distributed and controlled "by the people" it might be said that bitcoin represents a currency of the people. Hope is far from lost, here. Focusing solely on the 40% which might constitute a somewhat centralized paradigm could be considered agenda based political spin.
It is very interesting how a currency designed to be decentralized can have many centralized elements creep in. If people wonder about the next evolution of crypto or what the future holds, designing a currency which maintains an intrinsic decentralized nature better in terms of limiting centralization of miners or holders could be the quantum leap in improving crypto technology everyone is searching for.
That is right, no one is able to know if they are still active or not, the only way that we can "guess" if a walletis active is just by seeing the last transaction on it, but maybe they are just holding those coins for years or decades, so it is impossible to know that.
And this article was posted on bloomberg, everything that they have been saying about bitcoin lately is a lie, so dont believe in those guys, they are 100% against bitcoin, i know that.
Do you really think that bitcoin is controlled just by a few people? it is impossible
true but it isn't hard to beleive And I should add the last one..
You can't really be sure the owner still has access to them
You can't really be sure the owner still has access to them
And this article was posted on bloomberg, everything that they have been saying about bitcoin lately is a lie, so dont believe in those guys, they are 100% against bitcoin, i know that.
Do you really think that bitcoin is controlled just by a few people? it is impossible
I do not see the relevance of that news. Many people were able to accumulate a large amount of bitcoins when nobody believed in this currency, but a few visionaries invested some capital to support the development of this technology. If they bet their money on something that seemed to have no future, and managed to accumulate thousands of bitcoins, they deserve the wealth they enjoy today.
Moreover, this is not too different from the distribution of wealth in the real world.
Moreover, this is not too different from the distribution of wealth in the real world.
That is right, no one is able to know if they are still active or not, the only way that we can "guess" if a walletis active is just by seeing the last transaction on it, but maybe they are just holding those coins for years or decades, so it is impossible to know that.
And this article was posted on bloomberg, everything that they have been saying about bitcoin lately is a lie, so dont believe in those guys, they are 100% against bitcoin, i know that.
Do you really think that bitcoin is controlled just by a few people? it is impossible
And I should add the last one..
You can't really be sure the owner still has access to them
You can't really be sure the owner still has access to them
And this article was posted on bloomberg, everything that they have been saying about bitcoin lately is a lie, so dont believe in those guys, they are 100% against bitcoin, i know that.
Do you really think that bitcoin is controlled just by a few people? it is impossible
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Assumptions....
It can be both up by a lot and down by a lot.
They've based their research on this:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Which is stupid.
First it is possible that all the addresses are controlled by ten guys.
Second, those that own the top 1000 can easily own a few hundred thousand bitcoins split in addresses smaller than 1 BTC
And third, some wallets belongs to exchanges, most of them are cold wallets which are actually the funds people deposited there.
And I should add the last one..
You can't really be sure the owner still has access to them
I forgot what was with those addresses that have exactly 10k btc in them
Shit, not hard to beleive that would really crash the value you would think or I would think
It seems true.Now a days, bitcoin is not easily available in market. It is not good for bitcoin. It can shift the interest of people to other currency as it is out of reach for normal people.
Well, after several scams applied by the Exchanges in recent days, I saw in Deep Web that several Hackers are wanting to launch an attack on the entire bitcoin network. They're calling it DarkBitcoin; a viceroy that has pigeonholed to destroy mining stations altogether.
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
Trying to post a link to this article. Don't know if it lets me but according to the article 1,000 people control 40% of Bitcoin and they all know and are in contact with each other. A bit scary, that's a lot of control
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