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RE: Whale Games: Hiding Value Underwater

in LeoFinance2 years ago (edited)

I was a lotus mega whale mostly just cause I wanted the project to succeed so I get it, though it didn't and my stack is currently worth less than $200 I think.

I played these games just to figure out how they work a little bit.

This is why wide distribution is so important. Without it, price manipulation is far too easy and with that it’s easy to control market sentiment and continuously gain more stake, and we aren’t even considering the power that longs and shorts, media or social influence, and all the other tools people can use.

Ideally nobody has anywhere close to 1% of the circulating supply. But people like to consolidate power. Maybe when cities, nations and other organizations hold most of the bitcoin, some will establish a kind of shared ownership between all members. I still can’t imagine how it will work but it’d be cool if every citizen of El Salvador technically own the bitcoin in the countries treasury (equivalent of El Salvador’s bitcoin divided by total population). This is also a form of distribution.

Just casually brainstorming