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
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I don’t think owning coins gives you any control of the network. It’s the miners that have that privilege.
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.