Replying to Avatar Church Of Covid

so you assume that let's say those 1% of BTC owners who own say...25% of total bitcoins will lose their btc to the masses because they won't be able to keep up with production? because as far as I understand, the more currency you have, the more you are able to buy those who produce, thus increase your production without you, physically produce something?
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Foilosopher 1y ago

Your starting assumptions are off a bit. For example if the US Gov would put all its power and fiiat privilage to buy #bitcoin they'd be lucky to get a few percent. There is no small number owning 25%. Its already beyond that kind of concentration. Due to its pseudonymous nature you never really know if any entity still control keys or have lost them in an unfortunate accident 🌊 or to an irresponsible grandchild. Death is real so all coins eventually change hands or are lost forever. But yes, generally Austrian ecomics win out in time eith regards to economic distribution.

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Church Of Covid 1y ago

As of 2024, there are roughly 19.45 million Bitcoin mined. The distribution of these coins is highly uneven:

•Top 0.01% of Bitcoin addresses hold 27% of all Bitcoin.

•Top 0.1% of addresses control approximately 60% of Bitcoin.

•Top 1% of addresses hold roughly 90% of the Bitcoin supplly

According to the most recent on-chain data, the BTC distribution is as follows:

Whales (1,000+ BTC): These addresses control 42% of Bitcoin supply. There are around 2,000 such addresses.

Humpbacks (10,000+ BTC): A few hundred addresses belong to exchanges or institutional investors, holding a combined 10%+ of supply.

Large Fish (100-1,000 BTC): These wallets hold around 20% of supply.

Retail Investors (0.1 - 10 BTC): The bulk of addresses fall within this range, but they collectively hold less than 10% of the Bitcoin supply.

Dust wallets (under 0.001 BTC): These small wallets make up the majority of addresses but hold a minuscule amount of BTC.

So, I think it's clear as of today that Bitcoin is highly uneven distributed, just like fiat money.

If we assume that there will be a shift from the Whales towards the smaller wallets (because it represent the bulk of BTC addresses/and humans owning them) then what makes you think that the Whales won't use the BTC they own to amass more BTC from the other categories?