[NVQXE23I]

This article is claiming that .01% of the BTC owners hold more then 27% of the supply. This is not true. Those .01% are in exchanges and from early adapters who lost their keys. The main consensus is that around 3,000,000 BTC are lost.

Furthermore, the article makes a lot of assumptions. "Crypto presents anarcho-libertarians with an escape hatch that seemingly puts one’s no wealth, data, and resources beyond the reach of the state or a corporation". On paper this sounds plausible, but in reality (by using an exchange for example) bigger whales can be better identified.

To be clear, I own crypto, because I like the technology. Off-course it would be impossible to create a society where I make my (untraceable) money by working and spent this money in buying a house or car. You need some form of control, so you can't go around robbing people and using that stolen money to fund your lifestyle.

But the big problem BTC tackles is that the money I make is not influenced by printing more, thus making it less valuable. Maybe the whole world should go back to the gold standard and keep the amount of money going around the same.