Ah moment 06-04-21

By xuanling11 | Ah moment | 5 Jun 2021


Today is National Donut Day! It was to honor the members of the Salvation Army that came to the aid of soldiers during World War I!

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Why central bank fears of crypto? Central bank has been the monopoly of fiat currency for a very long time. They are operating exactly like Dogecoin! Unlimited supplies and memes for everyone! In Dogecoin, a single person can control 28% of total coin supply. 11 largest Dogecoin portfolios contain 46% of the supply. It is a widely centralized wealth controlled by a small number of people. Sounds familiar? In wealthy countries like the United States, the top 10% controlled 70% of total wealth while bottom 50% controlled 1.6% of total wealth. So if Dogecoin is worth $1, it is a fiat currency!

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I rest my case!

Photo credit:

Donuts

Dogecoin

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