I am well aware that most people on Hacker News hate Bitcoin and cryptocurrencies so a lot of these types of studies and articles that are negative end up making their way to the top.
It is strange that this study was from 2017-2018 and yet they only considered data from 2009-2013. Would be nice if there was an explanation as to why.
One thing I wanted to point out is this seems to be presented to shine a negative light on Bitcoin, but I have a feeling that if you were to plot the owners of any equity you would find the exact same patterns. People who get in early will own a majority of the supply.
For example take a look at Morgan Stanley stock. 86% of the shares are owned by institutional investors and of that chunk, five institutions own 58% of them:
I also think these types of patterns with regards to transactions probably exist with other currencies as well, but it is just that the data is not available for the public to analyze.
It is strange that this study was from 2017-2018 and yet they only considered data from 2009-2013. Would be nice if there was an explanation as to why.
One thing I wanted to point out is this seems to be presented to shine a negative light on Bitcoin, but I have a feeling that if you were to plot the owners of any equity you would find the exact same patterns. People who get in early will own a majority of the supply.
For example take a look at Morgan Stanley stock. 86% of the shares are owned by institutional investors and of that chunk, five institutions own 58% of them:
https://www.nasdaq.com/symbol/ms/ownership-summary
I also think these types of patterns with regards to transactions probably exist with other currencies as well, but it is just that the data is not available for the public to analyze.