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The Real Owners of Bitcoin: You're Not in Control Like You Think
Bitcoin is decentralized, right? Free from control, right? Well, that's what they want you to believe. The truth is, Bitcoin may not be as decentralized as it seems.
Here's what nobody talks about:
Just 2% of Bitcoin addresses control over 95% of the entire supply of the coin. These are the so-called “whales.”
Giant mining companies, such as those in China (and now other countries), control over 50% of the network’s hashing power. This means that few hands have control over the security and validation of transactions on the blockchain.
Here's what nobody talks about:
Just 2% of Bitcoin addresses control over 95% of the entire supply of the coin. These are the so-called “whales.”
Giant mining companies, such as those in China (and now other countries), control over 50% of the network’s hashing power. This means that few hands have control over the security and validation of transactions on the blockchain.
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