Never been more bullish on the #Bitcoin price but more bearish on the network and the surrounding ecosystem. We are watching the real time cucking of the network, cowards running “Bitcoin companies”, and insane concentration of mining pools. Is anyone going to stand up?
Discussion
the interest rate impact (repricing the risk free rate) caused by the bitcoin price appreciation will lead to the decentralization of goods and services. there is no continued centralization once bitcoin price rips. markets move towards the most efficient outcome for market participants ... central planning has never outcompeted markets.
the good guys win. it will just take some time. keep buying bitcoin, if you're really worried, consider reconfiguring your HVAC system to mine bitcoin at home (profitably) and the rest eventually takes care of itself.
That is my hope and white pill scenario for sure. I also am very happy that probably 80% plus of the actual coins are distributed amongst ideologically aligned folks re money. However, there are some attack vectors that are ripe for the picking and are being actively exploited with zero pushback.