News for hackers. Stuff that matters.

A comment on .01% of Bitcoin holders hold 27% of all Bitcoin. Parent comment

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by cuteboy19 on Saturday May 21, 2022 @03:24PM (#31460938)
It does consider it actually. WBTC is offchain but the btc it corresponds to is still on chain though it may be miscounted as the custodian wallet.

From the perspective of btc, not your keys not your coins still applies and those coins belong to the custodian wallet, not to WBTC holders.

[ Parent | on HN ]

There are no comments on this comment yet.