Letter #206: FUDBusters - Concentration Of Bitcoin Ownership Has Nothing To Do With Decentralization

Read now to learn how Bitcoin is decentralized, no matter how much or how little you own.

Dear Readers,

One of many common misconceptions around Bitcoin stems from the incorrect belief that ownership of Bitcoin, whether spread around huge swaths of the population or concentrated in the hands of a smaller group of people, is somehow tied to Bitcoin’s decentralization. So people who subscribe to that belief are quick to come out of the woodwork whenever they see an event like the following:

Kudos to Michael Saylor for having the fortitude to move onto the Bitcoin standard even as people throughout “crypto” and traditional finance try to criticize him for it.