id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-7539		DSHR's Blog: Gini Coefficients Of Cryptocurrencies			.html	text/html	2676	395	78	Most cryptocurrencies will start with a Gini coefficient of 1; Satoshi Nakamoto mined the first million Bitcoin. Based on the three major cryptocurrency wallets, Bitcoin, Ethereum and Ripple, top 1% shares the property value of the rest 99%, resulting in a drastic figure of Gini coefficient of 0.99. They go on to make the important point that a decentralized system is compromised if any of its decentralized subsystems is compromised, identifying six subsystems of cryptocurrencies; mining, exchanges, client, nodes, developers and ownership. They plot Lorenz curves for each of their six subsystems for Bitcoin and Ethereum, and derive these Gini coefficients: They show that Ethereum ("market cap" $21B) is significantly more vulnerable than Bitcoin ("market cap" $113B), reinforcing the observation that the Gini coefficient of the top 100 cryptocurrencies' "market cap" at 0.91 is extremely high. mining power seems to be controlled by only 16 miners in Bitcoin and 	./cache/blog-dshr-org-7539.html	./txt/blog-dshr-org-7539.txt