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0 sats \ 2 replies \ @moneyball OP 10 Jun \ parent \ on: I'm Steve Lee, Spiral lead, AMA! AMA
I didn't say "I won't like them" I said that they merit monitoring. Just like my own company, Block, and even my small dev org, Spiral, merit monitoring. People in bitcoin should always be vigilant and ensure any naturally-forming centralization point does not grow too large.
The obvious centralization point of a BlackRock or Strategy is if they control millions of bitcoin. In the worst case scenario, bitcoin doesn't evolve into everyday money, the only use case is digital gold, and everyone just buys BlackRock's ETF fund or Strategy. Then all bitcoin is controlled by 2 companies...I think we all know where that ends. They would control the rules of bitcoin and could make changes that are antithetical to the principles of bitcoin.
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0 sats \ 1 reply \ @Coinsreporter 10 Jun
Alright you gonna like them forever even if they reach to the threatening point of holding millions of Bitcoins. Haha. Please don't take it hard on you but do you really believe that a company or individual or whatever holding millions of Bitcoin can make changes to principles of Bitcoin? I thought the Whales couldn't affect anything except the fiat price of Bitcoin.
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105 sats \ 0 replies \ @moneyball OP 10 Jun
We cannot take it as a foregone conclusion that bitcoin will always remain decentralized and that it won't be captured by a powerful person, company, or state.
I'd recommend having a look at the bitcoin consensus analysis project, or BCAP, for a framework on how to evaluate the complexity of what prevents the bitcoin protocol from changing as well as how it can change. https://bitcoin-cap.github.io/bcap/
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