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Centralization and Bad Practices by toofasteddie

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hive-167922 · @toofasteddie · (edited)
$16.38
Centralization and Bad Practices
This is a chart of the evolution of BTC staked by the richest BTC Address, aka **"The Number 1"**.

![image.png](https://images.hive.blog/DQmV6SFsNmCN6vSUcLj2LdG58WaBYhL3FDaeSC4ZFEkhuWN/image.png)


This is the Chart of the price of BTC during the same time interval, from May 2019 to the present day.

![image.png](https://images.hive.blog/DQmYNAtsHUTaxiNAHiPckJgLpnKukrTvNyE26tGhKBinQMx/image.png)

**Don't you see a certain resemblance between the two?**

![image.png](https://images.hive.blog/DQmP35tqmxJKG5D9vin2vqoYSVwxoaeDDyZEtEwbTW23Roi/image.png)

Certainly **"The Number 1"** seems to be the best trader in the crypto world, doesn't it?

But my view is that the vast majority of his **"interventions"** seem to directly affect the price of the crypto king and, therefore, the rest of the market.

![image.png](https://images.hive.blog/DQmRfU7CJT97NfFDGyhiGUKu2RRjaDzGjrrcpdKhxJwZs4z/image.png)

This account seems to have the main faucet key, to let the market price **grow or reduce at will** and therefore, in addition to being the **"The Number 1"** in terms of accumulating BTC, with the permission of the Mr Satoshi Nakamoto of course, is also **number 1 on a manipulative level**.

What is clear is that the decentralized dream is still like that, a dream, unless this **"Super-manipulator"** is stopped.

It is not surprising that the activities on which he bases his business are targeted by all global authorities. However, despite his recent acts of constriction, this **"Super-Manipulator"** continues to carry out his tricks, playing against the market, as long as we let him...

**You still don't know whose address is?**

Well, it has been known for a long time, but if you are in doubt you can refer to this interesting article ["Who owns the most BITCOIN"](https://river.com/learn/who-owns-the-most-bitcoin/), you will see that, among the Top 3, there are 2 Crypto Exchanges.

For my part, a few months ago I decided not to do business with this address anymore... especially when it began to force all its users to perform the KYC to use its services.

For me, this entity and especially its creator, can be described as Judas Iscariot of the Crypto Industry.

Almost the best thing that can happen to us is that Mr. Satoshi came out of his hiding place and put this whole mess in order...
FYI:
>Satoshi is estimated to hold the largest bitcoin cache, more than 1 million BTC, valued at approximately $4,500,000,000 today.

what do you think?

@toofasteddie

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@toofasteddie/centralization-and-bad-practices)
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vote details (85)
@acesontop ·
$0.23
Binance... I thought MicroStrategy was second larg...
Binance... I thought MicroStrategy was second largest after Satoshi.

 Posted using [LeoFinance Mobile](https://leofinance.io)
👍  
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vote details (1)
@toofasteddie · 
Microestrategy owns more than only one address
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@akertxu ·
$0.28
Yo tengo el punto de mira en 33.500$. Sin que vea algo me provoque estar una semana cagandome en todo lo sembrao, no compro 1 solo Sat. 

Mira por ciero que referencia tan interesante en el RSI semanal... comprueba el precio y la fecha de los minimos del RSI y que vino despues de cada uno de ellos...

![image.png](https://images.ecency.com/DQmPgekFURaVXW13Zp9XZ825e5ppMrGkXo7ZcJTS7vg2i7D/image.png)
👍  
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@cmmemes ·
$0.23
ok so who is the owner of that wallet? I'm confused about that part
👍  
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vote details (1)
@toofasteddie · 
Binance
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@bhoa · 
Really??
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@cmmemes · 
good thing I didn't bother with them :)
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@criptoar ·
$0.23
Ya la va a dividir en varias billeteras para que nadie piense que esta manipulando al mercado. Que nadie se entere. shhhh
👍  ,
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vote details (2)
@toofasteddie · 
Eso seguro, hay alguna noticia al respecto?
👍  
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@criptoar · 
No tengo la noticia, pero es habitual que lo hagan, saludos buen fin de semana!!
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@poshtoken ·
$0.40
https://twitter.com/thecryptorunner/status/1469244822502481923
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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