Timechain on Nostr: How whale-y is BTC? According to app.intotheblock.com/coin/BTC the "Concentration by ...
How whale-y is BTC? According to
app.intotheblock.com/coin/BTC the "Concentration by Large Holders" BTC is at 11% while, Ethereum is at 42% (likely due to the Foundation & Consensys.) BCH is at 37% (probably due to the fact that to be a major holder of it, you are likely a believer in it, which not everyone is), ADA 32% (similar reasons to Ethereum), Polygon 85% (👀Oof!), AVAX 78% (Also oof.) Then I came to two last coins that. I'm going to be honest. I thought *might* have been almost as distributed as Bitcoin. Litecoin and Doge. Litecoin was 50% and Doge was 65%! Don't know why/how these last two are so bad.
Also, the numbers show (despite Saylor's best efforts) that distribution is only increasing over time. (Although numerous news outlets such as Time and CBS has published articles critiquing Bitcoin's coin centralization as largely held by few (HELLO! Have you heard of fiat?!) Here's a great piece by a analytics company Glassnode proving the increasing distribution over time.
https://insights-glassnode-com.cdn.ampproject.org/v/s/insights.glassnode.com/bitcoin-supply-distribution-revisited/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16895458592165&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Finsights.glassnode.com%2Fbitcoin-supply-distribution-revisited%2F
app.intotheblock.com/coin/BTC the "Concentration by Large Holders" BTC is at 11% while, Ethereum is at 42% (likely due to the Foundation & Consensys.) BCH is at 37% (probably due to the fact that to be a major holder of it, you are likely a believer in it, which not everyone is), ADA 32% (similar reasons to Ethereum), Polygon 85% (👀Oof!), AVAX 78% (Also oof.) Then I came to two last coins that. I'm going to be honest. I thought *might* have been almost as distributed as Bitcoin. Litecoin and Doge. Litecoin was 50% and Doge was 65%! Don't know why/how these last two are so bad.
Also, the numbers show (despite Saylor's best efforts) that distribution is only increasing over time. (Although numerous news outlets such as Time and CBS has published articles critiquing Bitcoin's coin centralization as largely held by few (HELLO! Have you heard of fiat?!) Here's a great piece by a analytics company Glassnode proving the increasing distribution over time.
https://insights-glassnode-com.cdn.ampproject.org/v/s/insights.glassnode.com/bitcoin-supply-distribution-revisited/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16895458592165&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Finsights.glassnode.com%2Fbitcoin-supply-distribution-revisited%2F