The wealth distribution of Bitcoin is extremely unbalanced, and the prospect of becoming a candidate system for future value exchange or storage is worrying
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△Bitcoin address wealth distribution map, produced by peer customer data
Because traditionally, a large number of Bitcoin addresses have been in a dormant state without transfers for a long time, this article also shows the balance distribution of all addresses on the chain as of June 1, and the 10 randomly selected recent blocks can better reflect active addresses distribution of wealth. In addition, considering that there are many Bitcoin addresses with a balance of less than 0.01, but the total amount of currency holdings is still small, and many of them are experimental addresses for small transfers or have been forgotten, they are intentionally included in the above figure without affecting the main conclusion of this article. exclude.
This type of analysis first assumes that the balance of each address in the blockchain system roughly reflects the Bitcoin property of the holder behind it. Although this assumption is not theoretically strict, even if it represents multiple owners The addresses where wealth is gathered (such as exchanges, mining pools, and corporate asset addresses of trusts) still logically represent the capital interests after gathering, which also exacerbates the imbalance of wealth distribution, and cannot be equal to the scattered wealth holdings before gathering Those who hold currency independently.
What is more worthy of our attention is that the wealth distribution of Bitcoin is more extreme than the wealth distribution of traditional assets around the world that has been widely criticized:
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