Comment on BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money

• YesButActuallyMaybe@lemmy.ca ⁨1⁩ ⁨week⁩ 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

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  • db2@lemmy.world ⁨1⁩ ⁨week⁩ ago

    as if a hostile actor with enough resources couldn’t just take control.

    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.

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