Well the current fight is Biblical, and defeating evil actually means reclaiming our financial freedom since its the root of all their power.
Thank God Satoshi is anon,
lol, I wouldn't put all my eggs in the bitcoin basket. You should dig a bit more into Bitcoin origins, but whether Satoshi is CIA or anon doesnt really matter because Bitcoin is not suitable to become people's currency. 90+% of the bitcoins are held by 4% of the wallets, so even without debating all other aspects, it can never cater to the whole world.
I do believe crypto is the future of freedom, just not bitcoin.
The problem with these reports is that they analyze the distribution of BTC across network addresses
In the present work, we analyze the distribution of Bitcoin across entities of different sizes, taking into consideration addresses that belong to exchanges and miners as well
Their basic premise is that BTC held at exchanges don't count as belonging to a single entity because it belongs to people who deposited their crypto at the exchange.
The validity of that view purely depends on your view on exchanges. If you are a crypto purist, you know that whoever has the private key controls the asset. That is the simple truth. Everything else depends on believing these exchanges are benign and would never abuse their power and would never manipulate the system. This is a very faulty way of thinking, especially during Great Awakening as we are being shown the corruption at the very heart of the financial systems.
Stick to the basic principles. Who controls the crypto? 2% control 95%. The rest is just an illusion. If tomorrow most people withdrew their bitcoin into their private wallets, I will gladly change my view. Until then Bitcoin is as rigged as banks and stock markets.
My current view is that almost all existing cryptos suffer from the same problem. So at this point investing crypto it like a blind casino game. Put in only what you are willing to lost. Buy the dips (now is a good time, but I like to stagger my purchases).
I invest in Bitcoin, Ethereum, and just a bit in Liecoin (I really hate Litecoin because Dorsey keeps pushing it).
I bought Ripple, simply because their SEC case is going to determine the future of Crypto, and if you believe in crypto you believe SEC will lose, and when that happens Ripple is bound to surge bigtime.
I also bought Stella Lumens because I like their tech and I think it will be suitable for a defi stock exchange.
I bought LoopRing because there seems to be something going on behind the scenes with Gamestop perhaps issuing some NFTs on LoopRing. I am very cautious about this.
I am buying Veritaseum (its harder than I expected) because Reggie Middleton got the patent for pretty much the technology that covers everything that came after Bitcoin (including anything built on top of Eth smart contracts, Ripple etc).
I bought Theta because I like their edge computing idea. Their actual implementation still has a lot to be desired, but I am sure they get there.
I have also sprinkled a bit on meme coins like Doge etc, and also on Algorand.
Keep your eyes peeled on new developments though. I believe the perfect crypto has not yet been invented (or publicised)
Wow you’re up to your ears in various coins, ha. You’ll probably end up rich though, tbh. I guess I’m a crypto boomer, just BTC for me, I’m boring. You’re making me consider Ripple though, just as a way to gain some profits.
Honestly, the reason I have all those coins is because I dont want to feel rotten if they took off lol. In reality I dont expect these coins will fetch me much. I am fully hedged. I think my GME/DWAC will do better than the crypto, but regardless when everything comes crashing, physical silver will save me. I suggest everyone to hedge as well. We are in "information zero". Every possibility is equally probable. Be prepared for anything.
Well the current fight is Biblical, and defeating evil actually means reclaiming our financial freedom since its the root of all their power.
lol, I wouldn't put all my eggs in the bitcoin basket. You should dig a bit more into Bitcoin origins, but whether Satoshi is CIA or anon doesnt really matter because Bitcoin is not suitable to become people's currency. 90+% of the bitcoins are held by 4% of the wallets, so even without debating all other aspects, it can never cater to the whole world.
I do believe crypto is the future of freedom, just not bitcoin.
I’m curious, what crypto do you advise?
This article seems to dispute your 90%-4% wallet figure... https://insights.glassnode.com/bitcoin-supply-distribution/
It seems pretty broadly distributed.
I believe in BTC, for what it’s worth, and have invested accordingly.
Their basic premise is that BTC held at exchanges don't count as belonging to a single entity because it belongs to people who deposited their crypto at the exchange.
The validity of that view purely depends on your view on exchanges. If you are a crypto purist, you know that whoever has the private key controls the asset. That is the simple truth. Everything else depends on believing these exchanges are benign and would never abuse their power and would never manipulate the system. This is a very faulty way of thinking, especially during Great Awakening as we are being shown the corruption at the very heart of the financial systems.
Stick to the basic principles. Who controls the crypto? 2% control 95%. The rest is just an illusion. If tomorrow most people withdrew their bitcoin into their private wallets, I will gladly change my view. Until then Bitcoin is as rigged as banks and stock markets.
My current view is that almost all existing cryptos suffer from the same problem. So at this point investing crypto it like a blind casino game. Put in only what you are willing to lost. Buy the dips (now is a good time, but I like to stagger my purchases).
I invest in Bitcoin, Ethereum, and just a bit in Liecoin (I really hate Litecoin because Dorsey keeps pushing it).
I bought Ripple, simply because their SEC case is going to determine the future of Crypto, and if you believe in crypto you believe SEC will lose, and when that happens Ripple is bound to surge bigtime.
I also bought Stella Lumens because I like their tech and I think it will be suitable for a defi stock exchange.
I bought LoopRing because there seems to be something going on behind the scenes with Gamestop perhaps issuing some NFTs on LoopRing. I am very cautious about this.
I am buying Veritaseum (its harder than I expected) because Reggie Middleton got the patent for pretty much the technology that covers everything that came after Bitcoin (including anything built on top of Eth smart contracts, Ripple etc).
I bought Theta because I like their edge computing idea. Their actual implementation still has a lot to be desired, but I am sure they get there.
I have also sprinkled a bit on meme coins like Doge etc, and also on Algorand.
Keep your eyes peeled on new developments though. I believe the perfect crypto has not yet been invented (or publicised)
Wow you’re up to your ears in various coins, ha. You’ll probably end up rich though, tbh. I guess I’m a crypto boomer, just BTC for me, I’m boring. You’re making me consider Ripple though, just as a way to gain some profits.
Thanks for your thoughtful reply.
Honestly, the reason I have all those coins is because I dont want to feel rotten if they took off lol. In reality I dont expect these coins will fetch me much. I am fully hedged. I think my GME/DWAC will do better than the crypto, but regardless when everything comes crashing, physical silver will save me. I suggest everyone to hedge as well. We are in "information zero". Every possibility is equally probable. Be prepared for anything.
Cardano has a very good wallet distribution.
https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/r2LQC
Top 1% of wallets own roughly 42% of the supply (19B / 45B)
https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_ogr3ndx6qc
There are approximately 1.037 Million wallets on Cardano according to these analytics.