Comment on BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money
rf_@lemmy.world 4 weeks agoWhat does centralization mean then? Those numbers look pretty concentrated to me.
Comment on BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money
rf_@lemmy.world 4 weeks agoWhat does centralization mean then? Those numbers look pretty concentrated to me.
YesButActuallyMaybe@lemmy.ca 4 weeks ago
But but but muh blockchain is decentralized… as if a hostile actor with enough resources couldn’t just take control.
In this context it means that although Blackwood holds 90% they still rely on ‘third’ parties to validate and accept transactions
db2@lemmy.world 4 weeks ago
Nobody said that couldn’t happen. It has happened in fact, to a fork shitcoin. Everyone knew immediately and it lost trust, it’s relatively worthless now. Blackrock won’t undercut themselves that way. They’re psychotic narcissistic parasites but they’re not stupid.