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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16671296" data-attributes="member: 137766"><p>Interesting data on BITCOIN, some interesting comments following the article. TREESPACE had an interesting comment I thought.</p><p></p><p>[URL unfurl="true"]https://seekingalpha.com/article/4455596-bitcoin-at-scale-is-not-blockchain[/URL]</p><p></p><p><strong>Table 1</strong></p><p></p><p><img src="https://static.seekingalpha.com/uploads/2021/9/16/3764491-1631786480018278.png" alt="Bitcoin ownership analysis" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Table 1 shows the top 0.002368% of addresses hold 40% of the supply of Bitcoin. Of this 40% around 8.5% is held by exchanges on behalf of a great many investors. That leaves 31.5% of Bitcoin held by ~985 addresses, representing 0.002593% of estimated total 38 million addresses. But an individual or entity can own many addresses, so the number of owners is likely far fewer than 985. Excerpted from Bloomberg article, "<a href="https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market" target="_blank">The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market</a>"...</p><p></p><p></p><p>Take a look at Table 1, and then tell me Bitcoin is not open to manipulation. Bitcoin supply data might be completely public and verifiable, but anonymous Bitcoin addresses are certainly not. Imagine the outrage if owners of over 30%, or even 5% of the shares of a publicly-traded company were allowed to remain anonymous and to trade without disclosure. Imagine the possibilities.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16671296, member: 137766"] Interesting data on BITCOIN, some interesting comments following the article. TREESPACE had an interesting comment I thought. [URL unfurl="true"]https://seekingalpha.com/article/4455596-bitcoin-at-scale-is-not-blockchain[/URL] [B]Table 1[/B] [IMG alt="Bitcoin ownership analysis"]https://static.seekingalpha.com/uploads/2021/9/16/3764491-1631786480018278.png[/IMG] Table 1 shows the top 0.002368% of addresses hold 40% of the supply of Bitcoin. Of this 40% around 8.5% is held by exchanges on behalf of a great many investors. That leaves 31.5% of Bitcoin held by ~985 addresses, representing 0.002593% of estimated total 38 million addresses. But an individual or entity can own many addresses, so the number of owners is likely far fewer than 985. Excerpted from Bloomberg article, "[URL='https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market']The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market[/URL]"... Take a look at Table 1, and then tell me Bitcoin is not open to manipulation. Bitcoin supply data might be completely public and verifiable, but anonymous Bitcoin addresses are certainly not. Imagine the outrage if owners of over 30%, or even 5% of the shares of a publicly-traded company were allowed to remain anonymous and to trade without disclosure. Imagine the possibilities. [/QUOTE]
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