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Comment by skizm

1 day ago

Could all the large centralized mining pools (ghash and the like) plus exchanges like coinbase and binance blacklist or burn the 184B BTC? Didn't ethereum do something similar to revere a $600M "hack" a while ago?

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skizm

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pyman  2 hours ago

Is this info correct?

- 2.4 million bitcoins are lost forever. Their owners, for one reason or another, can't access their wallets. No insurance, no guarantees, nothing.

- 1.1 million are owned by a mysterious person who sits at the top of the pyramid.

- 2.3 million belong to investors and speculators, who make money by pumping and dumping.

- 1 million are owned by banks, the same institutions the mysterious man said his system would replace.

- 1.6 million are held by whales: billionaires, money launderers, narcos, weapons dealers, and so on.

- 1.4 million are still left to be mined, but only a handful of rich people with servers worth millions can actually mine them.

- The rest are owned by individuals who see it as a long term investment.

- It's a digital currency most people don't use to buy or sell anything. The only ones making transactions are banks, investors, and the rich.

- And if you own even a tiny bit of bitcoin, and read something like this, you go ballistic and end up siding with the banks, investors, and the rich to keep the system going.

I can't think of a worse system to fight inequality.

The banks won.