Re:Calling Git a blockchain to rebrand bad tech
by ly3xqhl8g9 on Friday August 12, 2022 @09:58AM
(#32438747)
They are applying Sturgeon's law [1] ("ninety-percent of everything is crud"), not Pareto, common misconception.
Pareto would be that 80% of all crypto transactions are done by 20% of all the cryptocurrencies (given 10,953 active cryptos, that would be 2,190), which also doesn't stand since ~99% of all crypto transactions are done by the top 10 cryptos (BTC, ETH, etc.), textbook oligopoly [2].
Pareto would be that 80% of all crypto transactions are done by 20% of all the cryptocurrencies (given 10,953 active cryptos, that would be 2,190), which also doesn't stand since ~99% of all crypto transactions are done by the top 10 cryptos (BTC, ETH, etc.), textbook oligopoly [2].
[1] https://en.wikipedia.org/wiki/Sturgeon%27s_law
[2] https://coinmarketcap.com/charts https://www.statista.com/statistics/1269302/crypto-market-sh...