My concern rather is with the concentration of crypto wealth and what seem to be systemic reasons for keeping it concentrated among a crypto elite so that the inequality is greater than anything we’ve come to expect from conventional finance.

Tracking the crypto wealth of particular individuals can be difficult because crypto wealth is located at the addresses of cryptographic wallets, and those addresses give no information about individual owners unless they publicly identify themselves as owners. That said, because crypto wealth occurs on a blockchain, and crypto blockchains are complete immutable ledgers of all transactions that have taken place to date, it’s possible to see how much crypto belongs to each address, and thus form an overall picture of how crypto wealth is distributed.

Read the full article at Mind Matters

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