PSA: Owning large amounts of BTC does not give you the power to change the rules of the Bitcoin protocol, because Bitcoin is not proof of stake like fiat or Ethereum.
Few people seem to realize this
Discussion
BlackRock is gonna find out the hard way!
I like you nostr:npub1r0fj5wr200n0dz9nm37ysrhuy8xeg66ratq5hf960q62caaz8e5sqpuzz3. I try reading the original #AlanWatts but feel like i'm watching him defaecate.
POS=piece of 💩
POW💥=this is the way……..
If you have enough to control the economy, it might come close tho
Are there any entities that could feasibly own that much, though?
Microstrategy only holds ~130K (0.6% of total supply), and even Satoshi only holds/held ~1M (4.8% of total supply).
Even if the Federal Reserve started printing dollars to buy up as much Bitcoin as possible, it’s hard to see how they could ever get more than 5-10% of the total supply.
Yes that’s true.
The question is if we can muster the same personalities that resisted the core takeover back in the block size wars. Blackrock buys people.
