Coin Distribution Study

By Hive account@controllinghand

Updated EOS to include Crowdsale and Exchange

Introduction

The beauty of most crypto currency is the distributed open ledger. With this ability, one can look at the coin distribution throughout the project. One feature I find most interesting is the top wallet holders for a coin. This is often referred to as the "Rich List"

For Bitcoin I used this link
For SmartCash I used this link
For EOS I used this link

The Study

So I thought I would put some charts together to show how three different projects compare to their coin distribution. Basically, I got the top 100 wallet owners and categorized them into the following buckets.

1. Project Development and or Support if it exist or Exchanges in BTC case. EOS and SmartCash don't list the wallets for exchanges that I know of.
2. Whales that make up the top 100. These are individuals that hold a mass majority of the coins
3. Everyone Else. That's made up of the little people like you and me
4. Community Funds. This is only the case for SmartCash
5. Rewards. Again this is only for SmartCash.
   *Note: that both Bitcoin and EOS can provide rewards but are not found in the general ledger and so I don't have a way to show that in the charts. Those rewards are for mining or airdrops.

Here are the charts

Observations

1. Development and Support:
   BTC doesn't have or never had a reserve for the developers. I guess in the early days the price was so low and at that time it was more for the love of the project more than anything that drove the technology. New crypto ideas like SmartCash and EOS have set aside a reserve to incentivize developers to continue to work on the project. As you can see both EOS and SmartCash have about 10% for Development.
2. The Whales in the top 100:
   BTC makes up the fewest % of whales at 15% followed by 17% with SmartCash and whopping 62% for EOS. This could bring up some cause for concern with EOS. I will let you draw to your own conclusion here. Although, overtime this number could come down once the main net launches. Time will tell.
3. Everyone else:
   BTC leads the way here at 81%. It's nice to see that you can still buy into Bitcoin and know that you are in the same boat with everyone else. As for SmartCash this is really hard to put into perspective. Because just by owning Smartcash you automatically fall into both the everyone bucket and the Community bucket. So depending on how you look at this, it is either 16% or 73%(57% Community +16% Everyone else). If you think of it as the later then it's pretty close to BTC. EOS on the other hand is only 28%. This is because the Whales really own the majority of the coins even though there are over 300K wallets the top 100 make up 62% of the coins. Talk about the 1% owning the world. This is more like the .01% own EOS.

Summary

I don't know if these charts really say anything of value. It is important to keep an eye on these types of things when you invest. As the old adage goes "Information is power"
So think about this and let me know your thoughts.

Thanks
~S