/biz/ - Business & Finance

>>56100605
>Most bitcoin belongs to a handful of whales
Owning bitcoin does not give you any control over the network, it's a proof of work system, not a proof of stake system.
>It's not possible for an independent miner miner to mine
Not true, loads of independent miners mine through pools which will become even more decentralized with stratum v2 which will allow the miner and not the pool to pick transactions to include in a block.
>The entire 3rd paragraph of nonsense
Literally read the bitcoin whitepaper. All bitcoin miners hold bitcoin, if they wanted to for instance conspire to steal Satoshi's coins they'd destroy the value of bitcoin, therefore destroying their own holdings value. It doesn't make any sense for a rational actor to choose to shoot themselves in the foot.