free web page hit counter
True Bitcoin Ownership Metrics

True Bitcoin Ownership Metrics

Bitcoin Reddit

More / Bitcoin Reddit 25 Views

True Bitcoin ownership goes by a simple name in our world. Well at least if you believe in the mantra of not your keys, not your coins. It's simply referred to as the UTXO Set. The UTXO Set is the full list of the Transaction Outputs on the entire Bitcoin blockchain. These are basically how many addresses have bitcoin associated with them. Anyone running their own node can see how many UTXOs exist at anytime by looking at the UTXO Set.

Here's the incredible part: there's only 68 million UTXOs. 68 million! That means there are only a maximum of 68 million people who control the keys their bitcoin in a world of 7.5 billion! But of course we know the real amount is much lower than that when considering most exchanges have thousands if not millions of UTXOs, all the lost bitcoins, HD wallets etc.

We absolutely must prioritize the removal of our coins from all exchanges as quickly as possible. These exchanges have been invested in heavily by the banks years ago and they have their tentacles in as deep as possible and have been manipulating the USD price of bitcoin for years. They do so using other methods that have controlled other hard asset prices for decades. These manipulation tactics combine rehypothification, commingling, cash settled futures, OTC markets, along with coordinating the denial of access to exchanges when they start to lose control of the process momentarily.

Look, the banks are the competition to bitcoin. They run the world by creation of dollars which we all currently (directly or in directly) depend on as it is the world reserve currency. Every day we sell our labor and skills for dollars that they directly control the production and value of them. Meanwhile we live in a world where they have brainwashed people to believe that inflation by devaluing the currencies we sell ourselves for is a good thing! Thank God we now have a viable exit strategy with bitcoin! However the only way for the majority to pry the power away from the legacy financial system is to decide that we want to determine what the value of our time is rather than let them make us work longer and harder every year for less purchasing power.

And we can! Well that is if we accept that supply and demand truly determines value, then we must hold our Bitcoin keys individually for it to be valued for what it truly is - the world's first truly finite asset with properties that are superior to all previous SOVs before it and one that can be carried around in your brain!

This can absolutely be our peaceful revolution! One that would create a more just and civilized world for everyone. But in order to get there we have to collectively understand these few key concepts and must absolutely take the our keys out of the bankers hands! Spread the word and let the true peaceful revolution that is bitcoin truly begin to occupy Wall St!

submitted by /u/BitcoinCanSaveUsAll
[link] [comments]

Comments