Is it a problem that just 50 wallets have more than half of all XEM?

Saw this question on Reddit, and thought someone could answer it here, and comment their thoughts.

How does the top 50 wallet accounts having 52.6% XEM affect this coin?

Source: https://nemnodes.org/richlist/

top 10 are exchanges, and money for marketing and operations so that has to be going out

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Yes. Yes it is. But that’s just how the market works right now. People put everything on exchanges to trade. There is no real utility yet.

The funds are a different matter. I trust the foundation to not run off with them.

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This foundation has a bad track record. They already run off with my wallet and funds… and delete all my posts here as if I never existed. Go read on other forums, and sell while you can.

@winetwat probably you lose your private keys (device crash, application problems, thief because of week brain wallet password and so on). No one from foundation has access to your private key. Only you.

Sorry but you should blame only yourself if you don’t do a backup or if you use week password.
This applies to other cryptocurrencies too (btc, eth and so on) . Maybe you should understand first how it works and next step should be buy. Not in different way. Don’t blame others for your own mistakes.

Have a nice day.

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Sure they did ! Haha. I love how people blame others for their own mistakes. LIke, I’m sorry you lost your money but don’t go around blaming others for it.

What in the world are you talking about?

We do not delete topics unless there is a very good reason. The only time I have deleted a post (besides obvious spam), is when there are multiple posts made by the same person, about the same topic. Even then only the duplicate post gets deleted.

The only other option is that your thread was merged with another thread.

Since your account is brand new, this just sounds like FUD to me.

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