Comment by pyman

Facts matter:

- Inequality: Research from 2025 has found that the popularity and application of cryptocurrencies have not only promoted financial innovation, but also exacerbated wealth inequality. In other words, blockchain developers have made the gap between rich and poor even worse. https://www.researchgate.net/publication/391506544_Cryptocur...

- As banks buy up bitcoins, who else are the 'Bitcoin whales'? https://www.bbc.com/news/technology-68434579.amp

- A quote from Satoshi's forum message that he posted on Feb. 11, 2009. It explains the goal of creating Bitcoin and why using banks demands too much trust with no guaranteed positive outcome. https://u.today/did-satoshi-nakamoto-foresee-current-bank-cr...

- Prior to May 2021 Bitcoin miners were hugely concentrated, with around 60% to 70% located in China. https://mitsloan.mit.edu/ideas-made-to-matter/bitcoin-who-ow...

- Bitcoin ownership is concentrated among the rich. Research showed that at the end of 2020, there were 1,000 “clusters” controlling 2 million bitcoins. https://mitsloan.mit.edu/ideas-made-to-matter/bitcoin-who-ow...

- Between February 2011 and July 2013, drug dealers operating on Silk Road facilitated sales amounting to 9,519,664 bitcoins. https://en.m.wikipedia.org/wiki/Silk_Road_(marketplace)

As I said before, the banks won.