Barry Silbert and the Cost of Bitcoin’s Malfeasance Culture
Charles Chancellor-Mackay

I loved this.

There are two grave problems facing Bitcoin. Combined, they are more serious than the threat of a Hard Fork.

  1. The concentration of ownership of Bitcoin

2. The concentration of ownership of flagship Bitcoin companies.

These concentrations expose the entire market to manipulation by the few against the interests of the many.

To understand just how concentrated the ownership is of Bitcoin, look at the charts here.

Can you please write about the shady Brock Pierce next?

Show your support

Clapping shows how much you appreciated SG Kinsmann’s story.