Article is complete bunk and written by someone who has no idea what Bitcoin actually is.
First, anonymizing yourself online will ALWAYS be a pain in the ass, and it will ALWAYS be more convenient not to.
Second, "Over 95% of all Bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market." Citation needed. This site debunks those claims as the biggest wallet holder has no more than 1% of all Bitcoin.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
This site shows the founder, Satoshi Nakamoto, holds a little over 1 million BTC, which is 1/12th of the total available supply of bitcoin (8.3%)
Winklevoss shows they own 70,000 BTC, which is less than 0.6% of the total supply of Bitcoin.
Third, the decentralized nature of Bitcoin means no one can control the algorithm. It has a fixed supply that can be mined. Once it is completed, no one can artificially create more Bitcoin.
Even if some rich billionaires own Bitcoin, it's fallacious to call it a scam. Would you call Gold and Silver a scam if George Soros owns $1 billion in his vault?
The entire article is bs and provides no factual arguments supporting its "scam" theory. I could dig further and waste more time, but I don't feel like wasting any more time debunking this crap article.
Article is complete bunk and written by someone who has no idea what Bitcoin actually is.
First, anonymizing yourself online will ALWAYS be a pain in the ass, and it will ALWAYS be more convenient not to.
Second, "Over 95% of all Bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market." Citation needed. This site debunks those claims as the biggest wallet holder has no more than 1% of all Bitcoin. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
This site shows the founder, Satoshi Nakamoto, holds a little over 1 million BTC, which is 1/12th of the total available supply of bitcoin (8.3%)
Winklevoss shows they own 70,000 BTC, which is less than 0.6% of the total supply of Bitcoin.
https://river.com/learn/who-owns-the-most-bitcoin/#:~:text=The%20five%20addresses%20with%20the,not%20holding%20their%20own%20keys.
Third, the decentralized nature of Bitcoin means no one can control the algorithm. It has a fixed supply that can be mined. Once it is completed, no one can artificially create more Bitcoin. Even if some rich billionaires own Bitcoin, it's fallacious to call it a scam. Would you call Gold and Silver a scam if George Soros owns $1 billion in his vault?
The entire article is bs and provides no factual arguments supporting its "scam" theory. I could dig further and waste more time, but I don't feel like wasting any more time debunking this crap article.
whats your point?
Re-read my post.
I did. What are you tryna say?
If you don't know what I'm saying then you clearly didn't read.