Replying to Avatar jimbocoin 🃏

Concentration of #Bitcoin holdings is a non-problem. If the holder holds, then it’s no different from lost coins. If the holder spends, then they don’t have it anymore.

The key is that having more Bitcoin does not give you any special privilege over the rules of the network nor the issuance of new coin, as it does in a politicized (fiat) currency.
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DZC 2y ago

Everything you said it's true.

But we are social beings, and nocoiners don't know about bitcoin features (yet).

So, some influencer could be viewed by them as some kind of authority in Bitcoin.

And that could goes against Bitcoin education efforts.

The second best thing Satoshi did was disappearing.

Bitcoin doesn't need heroes.

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jimbocoin 🃏 2y ago

> nocoiners don't know about bitcoin features (yet).

> So, some influencer could be viewed by them as some kind of authority in Bitcoin.

Sounds like we agree that concentration of Bitcoin is not a real problem, and people who think it is are misinformed.