Replying to Avatar 🇰 🇷 🇾 🇵 🇹 🇮 🇽

computer says:

BlackRock and other institutions pose a threat to Bitcoin’s decentralized philosophy by centralizing ownership through financial products like ETFs. These institutions could potentially control large amounts of Bitcoin, influencing the network's governance and reducing its utility as decentralized, censorship-resistant money. Institutional custody also aligns with government regulations, increasing oversight and diminishing Bitcoin's role as an independent financial system. While price may rise in the short term, critics argue this undermines Bitcoin’s long-term value as a tool for financial freedom.

#bitcoin #nostr #anarchyⒶ #blockchain #fiat #history
a6
unknown 1y ago

Holding Bitcoin does not affect decentralisation. It only means there’s less for everyone else to buy and therefore price goes up. They’re not going to affect the nodes or the miners. In fact as they hold and as prices go up more miners get interested, increasing bitcoins decentralisation.

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🇰 🇷 🇾 🇵 🇹 🇮 🇽 1y ago

✌️

a6
unknown 1y ago

One of the things I love about Bitcoin is that it uses people’s greed as a feature rather than a bug. The more someone buys and hordes, the more price goes up, making everyone richer.