.01% of Bitcoin holders hold 27% of all Bitcoin

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by majormajor on Saturday May 21, 2022 @05:40PM (#31462145)

"If you think a bank is in trouble, you can only move your funds to another bank."

or to land, or to gold, or to stocks, or to bonds, or to foreign assets, or to cash, or to guns, or to Pokemon cards... all sorts of "not in a bank" options are available. Banks have competition with not just other banks but the whole financial ecosystem. And if a government is after you, some of those are actually harder to trace than crypto.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by rglullis on Saturday May 21, 2022 @08:25PM (#31463628)

Your first five items are simply not available for poorer people. It's basically "let them eat cake".

Holding cash can lead a whole community to what happened in India.

Guns are not liquid.

Pokemon cards are easy to be counterfeit.

[ Parent | on HN ]