Is it Time to Occupy Bitcoin Street?

The Bitcoin Report produces a daily Top 100 Rich List, a list of the 100 fattest wallets in Bitcoin. I decided to compare two lists, one from the 1st of May of this year, and one from yesterday, October 29th. Here's what I discovered:

The distribution of coins among the top 100 has evened out, as can be seen in the chart below:

However, the top 100 have gone from holding 1,776,434 coins to holding 2,254,634 Bitcoins, a whopping 27% increase!

On May 1st, there were 6,249,700 Bitcoins, which means 28.4% were held by the top 100 at that time.

Even though 1,310,000 Bitcoins have been mined since May 1st, the top 100 have still managed to increase their relative wealth, and now hold 29.8% of all the Bitcoins ever created!

Is it time to Occupy Bitcoin Street before this gets out of hand?

Posted in: economy