Pleb2Polymath on Nostr: Quick thought: #bitcoin is supposed to be decentralized. I haven’t heard many ...
Quick thought: #bitcoin is supposed to be decentralized. I haven’t heard many bitcoiners being concerned enough about the centralization of so many coins in Coinbase’s custody. Furthering that thought…if we use the analogy of power that Jason Lowery liked to think about, why aren’t #plebs everywhere pissed about how much power the largest institutions are buying. I am starting to see that these institutions will be able to #BailOut governments, continually rug pull new coiners and will not give up their stranglehold easily.
Published at
2024-03-07 21:35:43Event JSON
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"content": "Quick thought: #bitcoin is supposed to be decentralized. I haven’t heard many bitcoiners being concerned enough about the centralization of so many coins in Coinbase’s custody. Furthering that thought…if we use the analogy of power that Jason Lowery liked to think about, why aren’t #plebs everywhere pissed about how much power the largest institutions are buying. I am starting to see that these institutions will be able to #BailOut governments, continually rug pull new coiners and will not give up their stranglehold easily.",
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