Let’s unpack this a bit more @nostr:npub1dprrjdmndj3clhjc24hcdvmf0s4sez6ql6h0chx4k9lag4f74j9sfuk7g2. Let’s identify the pools. Let’s identify/define what “controlling” Bitcoin means in this ...
Foundry, antpool, F2pool, spider pool, viabtc. Those 5 nodes control 80% of mining.
Coinbase, binance, gate, okx, bybit. Those five economic nodes conduct most transactions.
Identified. How control?
In order to withdraw $10k from a bank, you have to KYC, answer 20 questions, and wait for days. That is coming to Bitcoin. The exchanges will not let you withdraw, the miners will not pass your transactions until you jump the hoops.
Inflation? Coming to Bitcoin.
Five economic nodes. Five mining nodes. In 10 years the mining reward will be 390k sats. The miners will insist that's not enough to stay afloat. The captured Core devs will change the code to allow tail emissions because the miners are "too big to fail." Without them, the network would not be secure.
Five economic nodes. Five mining nodes. A compliant/corrupt dev team. Welcome to your inflation. And, poor pleb with your insignificant little node, will be powerless to stop it.
You didn't want to reverse course while we could.
Coinbase, binance, gate, okx, bybit. Those five economic nodes conduct most transactions.
Identified. How control?
In order to withdraw $10k from a bank, you have to KYC, answer 20 questions, and wait for days. That is coming to Bitcoin. The exchanges will not let you withdraw, the miners will not pass your transactions until you jump the hoops.
Inflation? Coming to Bitcoin.
Five economic nodes. Five mining nodes. In 10 years the mining reward will be 390k sats. The miners will insist that's not enough to stay afloat. The captured Core devs will change the code to allow tail emissions because the miners are "too big to fail." Without them, the network would not be secure.
Five economic nodes. Five mining nodes. A compliant/corrupt dev team. Welcome to your inflation. And, poor pleb with your insignificant little node, will be powerless to stop it.
You didn't want to reverse course while we could.
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