The fact is still that the crypto sphere is even more unequally owned than the economy or the stock market, which is already extraordinarily unequal.
When I was first excited for bitcoin, it was because of its revolutionary capacity for people to transact without governments and banks, and to own and control that means themselves. Well that really hasn't panned out at all.
I'm sure this is true, but it's still not a good reason to put out bogus statistics. There are other ways to argue this point without hurting your credibility by lying about it.
> When I was first excited for bitcoin, it was because of its revolutionary capacity for people to transact without governments and banks, and to own and control that means themselves. Well that really hasn't panned out at all.
This has panned out. This is the exact reality of crypto right now. It has nothing to do with inequality whatsoever. Solving inequality has not panned out, but it was never expected to, nor possible.
Fortunately I live in a country where such thing is a big tabu. I only need to declare my gains (and only in case I'm holding less than a year) - and there are none if I am simply using BTC to send cash.
BTC has stayed the same price for the duration of my transfers. It's just a few hours most of the time. There is also allowance in the law for this case - I don't need to declare anything unless I profit over $1k/year.
I buy it when I need to transfer (usually using a Bitcoin ATM) and then transfer it immediately - and sometimes I deposit it to the target wallet directly.
> The fact is still that the crypto sphere is even more unequally owned than the economy or the stock market, which is already extraordinarily unequal.
What are the specific figures & sources you derived this claim from? Last time I looked into this it was somewhat surpising, but there are huge problems with the methodology (e.g. assuming that 1 address = 1 person is a really broken assumption)
When I was first excited for bitcoin, it was because of its revolutionary capacity for people to transact without governments and banks, and to own and control that means themselves. Well that really hasn't panned out at all.