As reminder crypto are being centralized so it is looking more like traditional finance. Coinbase holds over 12% of all Bitcoin and 11% of staked Ether.
That’s everything of value. All a well decentralized ledger could do is make it incredibly hard to block transactions, change the parameters for total coin supply and dispersion rate. Don’t know why anyone expected anything in terms of more even wealth distribution. Wealth distribution is determined by off chain factors. Factors no different than any other value store
As reminder crypto are being centralized so it is looking more like traditional finance. Coinbase holds over 12% of all Bitcoin and 11% of staked Ether.
https://coinlaw.io/coinbase-users-statistics/
That’s everything of value. All a well decentralized ledger could do is make it incredibly hard to block transactions, change the parameters for total coin supply and dispersion rate. Don’t know why anyone expected anything in terms of more even wealth distribution. Wealth distribution is determined by off chain factors. Factors no different than any other value store