do you own BTC?
anyway, you don't have to believe me (again)
> According to bitinfo, which tracks the total number and value of bitcoin addresses, 75% of addresses are home to less than 0.01 bitcoin, and 97.54% have a balance of less than one bitcoin
hardly nonsense
I understand it fine.
It's bitcoiners that do that.
if they said there are 6 millions addresses but it's actually a couple thousands entities holding them, it would be too obvious that bitcoins serve an insignificant portion of the society, usually already very rich.
The fact that having a single address it's not good practice it's proof that bitcoins are inherently unsafe
imagine if bank said "it's good practice to own many bank accounts". how many people would trust them with their money?
it's accurate
you don't have to believe me, just think that Satoshi alone owns 1% of the bitcoins in circulation, than there are a major crime organization in Bulgaria that owned $ 1.2 billion worth of btc (currently owned by the Bulgaria government), the FBI that seized many bitcoins around the World (1.5% of the total), including those of silkroad, followed by btc trading companies.
only a quarter million users (4% of the total) own a full bitcoin, while the majority owns less than a half bitcoin.
they bought at X and sold at X minus some, not much, but a loss nonetheless
or bought at Y and sold at Y plus some small amount and.never tried again, for various reasons including "not worth the risk".
technically not a loss, but not a good investment either.
also many thousands wallets are inaccessible because the keys were lost (a friend of mine made almost two bitcoins in payments 8 years ago, he lost the keys soon after...)
while the 1% got extremely rich, the 99% had neither the capital or the will to risk to get there. which is completely understandable.