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0 sats \ 1 reply \ @siggy47 7 Apr 2023 \ on: MicroStrategy Holding 140K BTC Does Not Hurt the Decentralization of Bitcoin bitcoin
I understand and agree with the author's reasoning. I am not worried about decentralization, and I frankly think Saylor's outsized ownership is likely a positive fir bitcoin.
What I am worried about is how this power is wielded over non bitcoiners in the future.
What will prevent us from being the overlords of the no-coiner "peasants" if we live in a hyperbitcoinization world?
Bitcoin is a force for good. I can see this power being abused.
Saylor and others with massive bitcoin holdings will be in a uniquely strong position to abuse power.
Saylor's future power is not a concern.
It's a paradox. Only underground black market bitcoin will survive the dollar collapse and transition -- all custodial white market bitcoin will be confiscated.
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