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18.5 million of the 21 million Bitcoin that will ever exist have already been mined and distributed. In the #Bitcoin 
network, 70 million UTXOs exist: each UTXO being as a different size "coin", combining together to form the total volume of all Bitcoin. 2/
network, 70 million UTXOs exist: each UTXO being as a different size "coin", combining together to form the total volume of all Bitcoin. 2/
If each coin had a different owner, the resulting 70 million individuals of varied Bitcoin "net worth" would account for 15.5 million #Bitcoin (~3 million Bitcoin have been lost forever throughout its history https://unchained-capital.com/blog/geology-of-lost-coins/) 3/
(~3 million Bitcoin have been lost forever throughout its history https://unchained-capital.com/blog/geology-of-lost-coins/) 3/
If there are 70 million current holders of #Bitcoin , that leaves out 7.78 BILLION humans that do not have any: over 99% of the quickly growing global population.
99 percent. 4/
, that leaves out 7.78 BILLION humans that do not have any: over 99% of the quickly growing global population.99 percent. 4/
Wealth is distributed unequally among #Bitcoiners of course: the top 2% control over 70% of all Bitcoin https://insights.glassnode.com/bitcoin-supply-distribution/, in the "real", physical economy, top 1% owns ~43% of wealth https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html 5/
This top 2% Bitcoin "super rich" collectively own a staggering 10 million #Bitcoin , giving them an enormous incentive to do everything for Bitcoin to succeed. 6/
, giving them an enormous incentive to do everything for Bitcoin to succeed. 6/
Here Bitcoiners will raise other properties of the network which supposedly make up for this scandalous reality, like the #censorship resistance, the #openness, the border-less nature, the #decentralized governance, the immutability... Nice ideas! 7/
If you are still one of the 99% "no-coiners", you are told to HFSP, or "Have Fun Staying Poor", as a popular insider meme goes. You're told to get on with the program and get yourselves some #Bitcoins, driving the price up further. 8/
We need a better public debate on how to use the idea of digitizing #wealth for making better decisions, which means also collective decisions, about #democratic financing of common enterprise such as the basic universal services, or climate change mitigation. 9/
#Bitcoin is currently of little use for anything better than keeping wealth private. That of course is a dream of many who deny the urgency of our collective struggles, the need for organized action around the many problems we have as a society. 10/
is currently of little use for anything better than keeping wealth private. That of course is a dream of many who deny the urgency of our collective struggles, the need for organized action around the many problems we have as a society. 10/
