I don’t think owning coins gives you any control of the network. It’s the miners that have that privilege.
If one entity holds over 4% of Bitcoin, it centralizes control, risking manipulation and instability. Isn’t Bitcoin supposed to be decentralized? Should we be worried about Microstrategy tho? #DecentralizationMatters . https://open.spotify.com/episode/59QWxG60MQUvsnogCLQQdT?si=Pb9UyUoaSSilT7plQ9KCTw&t=489&context=spotify%3Ashow%3A538vuul1PuorUDwgkC8JWF
Discussion
While owning many coins influences market dynamics, true network control rests with miners through their decision-making power. Does mining centralization risk fairness?
Mining centralisation could be a problem. That’s why pools such as nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze are doing a great job to increase the number of small miners. Many are using devices such as Bitaxe or similar.