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Comments (32)
I like how it didn’t include BTC for comparison lol
Ehereum is 70%. Not 20%. Messari misrepresenting it maybe since Consensys is an investor in it.
BTC has a highly concentrated ownership even without the pre offering IPO bullshit. People that bought in early and Satoshi represent a big chunk of outstanding BTC.
EVERYTHING! You have been notified, now Stack Sats!
Bitcoin > all those sh*tcoins in the image.
I mean…. there’s a locked satoshi wallet with 1million coins isn’t there?
Devils advocate
this “allocation” is based entirely on what 1 central party said
it’s actually up to 100% central insiders since it’s free to buy from your own “distribution” or whatever they call it
this is literally fraud, messari is fraud promotion
> With more than 1 million Bitcoins attributed to Satoshi Nakamoto today, the entity is considered the largest holder of BTC in the world.
So it’s currently 5.2% and a maximum of 4.76%, not that much.
If you add a couple of more people in the beginning that might be included in the chart, maybe it changes?
But yeah, it’s as high as some others. And it was definitely not pre-mined like nowadays
BTC had also a foundation in form of Satoshi mining big chunk alone, and insiders who got the access and instructions how to mine first. Also, those insiders had a huge advantage.
Those pie charts are also garbage btw, since many blockchains had a very loose definition of “public sale” and the supply went still to insiders after all.
Facts.
Bitcoin is the only king, drop all alts before theu go to 000
And bitcoin?
Fuk your chart.
Most of it is but not all.
Fun chart, and I suppose my question is why metrics like allocation, price, market cap, chart TA, etc seem to drive investor behavior pretty much to the exclusion of fundamentals?
Fundamentals like: What do any of these products DO? How reputable are the backing companies/structures? Do they have mission statements, roadmaps, public accounting of progress and setbacks?
You know, basically the reasons why any investor would decide to put money into a project?
Instead everyone seems to be intently watching the numbers in the spreadsheet and the line on the graph to determine whether something is a shit project or not.
I’m somewhat of a Bitcoin maxi, but I don’t really consider some of these alt-coins to be competition for btc. They aren’t really currencies or commodities. Cosmos, for example, is a software company. There’s a number of different products, a DeFi platform for them to run on, and you can buy into the ecosystem by buying “shares” or tokens (ATOM) to participate in the space. But it doesn’t make sense to just buy and HODL ATOM as a speculative investment, because it doesn’t have UTILITY outside of that ecosystem (is not a currency or commodity), and has none of the protections or stability of other speculative investments like securities/equities (is not regulated and recognized).
I’d like to think that at least a few of the altcoin projects are good ones, and have fundamentals that would be worth investing in… you know, like any other security. Thinking about their tokens as speculative investments with zero understanding of the fundamentals is what leads to thousands of valueless tokens in the space. Are they really ALL shitcoins? Or is passive, ignorant, speculative investor behavior making them this way?
Look at the date. Says A LOT..
(Someone forgot to edit me thinks LOL!)
Edit: You just gotta love the third reliable source! “Various blogs” 🤣
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Would be much more valuable if it would also include how it relates to the current total supply.
Enough poo for everyone. Bitcoin is precious.
Some people are fire!!! 🔥 🤣
So shitcoins is allowed in the sub now? Hard to debate this bad chart, without mentioning the shitcoins…
*Yawn
What should the blue percentage be? 0%? Insiders aren’t allowed to purchase the coin?
My takeaway is that I should absolutely invest in… none of them lol
Satoshi has what ? 100,000? Is that right? I can’t remember.
Considering that crypto is just made up anyways, what does it matter
Dude academic research did not stop in 2009 .
Where bitcoin on chart
Lmfao maxi’s. Get help.
IMO “Satoshi” has 1/21 insider stake, so by BTC it’s about 5% at least
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What is a block?