"Decentralized
When we talk about decentralisation, we need to consider the token distribution as well as the network.
Dogecoin is extremely top heavy with only a handful of wallets holding a majority of the supply.
It fails this test for me.
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Token distribution is how well the token is spread between the whales and the minnows, is that correct? Whales will exist for every crypto, but is token distribution used to show how well-developed a middle-class of token holder is?
I'm asking because my understanding of rich list data is basic and superficial at best (e.g., #1 has the most, last place has the least, a small rich list shows lack of popularity).
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Yeah, all this.
Node distribution is key for removing network attack risk - Dogecoin doesn't have a widely decentralised network.
Token distribution is key for removing a price dump risk - The majority of DOGE is held in the wallets of a few elite.
Risky.
But the masses don't care about this, they care about number go up as quickly as possible so they can dump on the latest sucker.
Long term, only truly distributed networks, with distributed token supply will survive.
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