Is that a good thing though? I don’t blame him for maximizing shareholder value, but what does that do to the broader scalability longer term? Are there current examples of one individual/entity owning that amount of global currency? I’m just trying to think of how this plays out longer term for mass adoption if one or a handful of individuals control the entire money supply.
Discussion
Aren't you asking too many questions.
You could just stack sats and let others do the thinking for you.
I’ll definitely still be stacking sats, but I try to do my own thinking where possible
Decentralization is created by the nodes, not the holders.
Time to understand the difference between PoW and PoS
I understand PoW vs PoS and I’m fully aware of the nodes for decentralizing the ledger. But for mass adoption, it still has to be seen as a potential store of value for more people and if a handful of entities control supply, is that going to lead to resistance? We still need a liquid market at some point