Comment on BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money
YesButActuallyMaybe@lemmy.ca 1 week agoBut 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 1 week 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.