Bitcoin Has A Wealth Distribution Problem – Or Does It?

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Yesterday saw what was gearing up to be an interesting debate on whether Bitcoin has a problem with wealth inequality. Stemming from a statistic provided by Civic CEO, Vinny Lingham, that 2% of wallet addresses hold 80% of BTC, it was countered by Interchange co-founder, Dan Held, and hosted by former Coinbase engineer, Preethi Kasireddy. So… Does Bitcoin have a wealth distribution problem? Before We Get To That, A Hypothetical Question Before the debate started, the participants introduced themselves and their positions. Lingham questioned whether Bitcoin has lost sight of its end goal. Sadly, for the rest of the hour it felt like Lingham had lost sight of the end goal of the debate. The problem was that he immediately posed, then continued to pressure Dan Held into confronting an extrapolated hypothetical situation. If bitcoin price magically hit $10 million today, would there be a problem? Held pointed out that…

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