That can't be a honey pot, being in the custody of a big part of the coins is not harmful for the network in any way

People have no clue how much power Coinbase really holds. I rank them among the top 3 most powerful banks on the planet, only they don’t have a banking license to run the game. Oh wait, they do. ( in a few months…)

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At least13% of Bitcoin holders are too stupid to use a nostr:npub19canpmsgykwumm43uxmp0l5sernavvnrf87mau9a6xnjfx6ajjhsh9qj29

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And yet lightning evades them

Concerning

I thought bitcoin was superior because it’s more decentralized?

it definitely is the most risky honeypot if the bear gets his claws in it

what can possibly go wrong?

Yes it is and a lot of people will lose a lot of btc because of it.

But it is the way of things. Being sovereign is hard. The majority will always chose the path of less resistance.

Well that's an easy 6102.

Jesus fucking Christ. I hope at least saykor moves his coins

Don’t worry they’re are insured and backed by the US government 🤣🤣🤣

I would say there are 3 or 4 of them that big. Surely this centralization of detention of ₿ is not good for the protocol but it is a free market 🤷‍♂️