Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago

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dgerard@awful.systems

reminder that bitcoin wealth is about 100 times more centralized than US dollars (www.cbsnews.com)

submitted 3 days ago by underscores@lemmy.dbzer0.com to c/buttcoin@awful.systems

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Those top players represent a mere 0.01% of all bitcoin holders and yet they control 27% of the digital currency, the Wall Street Journal reported. That compares to the old-fashion dollar, where the top 1% controlled 30% of total U.S. household wealth, according to Federal Reserve data.

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[–] swlabr@awful.systems 8 points 3 days ago

Absolutely no one could have predicted this