The Nakamoto Coefficient Is a Way to Quantify the Decentralization of a Blockchain. Bitcoin Blows Everything Else Out of the Water. It's Not Even Close!

Here is a tweet that discusses the idea:

https://preview.redd.it/6rcfs4m3ofv91.png?width=740&format=png&auto=webp&s=63ca747a499a71d385a6cacbfff11e9a96435770

Here is a link to an older blog post that does a deep dive into this:

https://preview.redd.it/hzxrcvtjofv91.png?width=781&format=png&auto=webp&s=40c0f7029a114d1a4c868ea139041d1d29d83e89

Here is a graph from a recent Invest Answers podcast. Bitcoin's # is (conservatively): 7,349. The next highest Nakamoto Coefficient on this list is 34 from a crypto that shall remain nameless. Some of the others are as low as 3! The gulf between Bitcoin and everything else is as wide as the Pacific Ocean.

https://preview.redd.it/feh1lcu0ofv91.png?width=2732&format=png&auto=webp&s=9c9609df8e5511accbcb6a185491738962a9ed6c

Why does this matter? Anyone who uses Bitcoin has far greater assurances that the chain is secure and resistant to the actions of hostile parties. The other chains? Not so much...

Edit: Here is how it is calculated for those mathematically inclined:

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https://preview.redd.it/gwg89iurwfv91.png?width=850&format=png&auto=webp&s=b171aec62e1030968531623d5c678983261d26f1

Submitted October 23, 2022 at 06:35AM by escodelrio https://bit.ly/3TP8dXi