During the conversation with CNN, Brad Garlinghouse, the head of Ripple, noted that only four Chinese miners control 60% of the hash rate of the BTC — first cryptocurrency network. as he said Ethereum is also extremely centralized. INTERVIEW PART I 👇🏼"Once regulators understand you're not circumventing regulatory frameworks they get very comfortable very quickly," @Ripple CEO @bgarlinghouse explains why he's on a mission to educate regulators around the world. pic.twitter.com/2PMVvj3PZU— Julia Chatterley (@jchatterleyCNN) February 17, 2020 “China controls the Bitcoin blockchain – 4 local miners account for more than 60% of the mining power. Overall, 80% of the bitcoin and Ethereum hashrate is concentrated in China.” — announced the head of startup. Mati Greenspan, the QuantumEconomics founder, expressed his indignation at the fact that Garlinghouse confused miners with pools and thereby clearly overestimated the degree of centralization of the BTC network. “4 miners control 60% of bitcoins mining capacity?”I think you meant 4 mining pools??? Perhaps, this was just the slip of the tongue?! "4 miners control 60% of bitcoins mining capacity?"I think you meant 4 mining pools??? Perhaps, this was just the slip of the tongue?!— Mati Greenspan (Tweets are not trading advice) (@MatiGreenspan) February 17, 2020 According to the CoinMetrics study, XRP token is the one of the most centralized assets — over 85% of coins are concentrated at the largest addresses: The situation with Bitcoin is better – about 11% of the total BTC supply is stored on the addresses of the largest “whales”: Also according to the Whale Alert information, Jed McCaleb, a former Ripple CTO, sold 1.05 billion XRP coins starting from 2014 till 2019. Full video:
