I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
which other has a finite supply that can never change? it’s also about the fact that it is the only coin which has an “immaculate conception”. the creator of it limited his own mining power, and went away forever. all other coins are premined by the people who knew about its launch. there is 0 comparison.
Algorand is one for example. I know there are others, but I do not keep up with every single project, but if I did a little digging I could find more for you.
BTC has also forked more than once, and still can. That's just creating more supply with a different name attached to it, even though they are now two different entities. That's not an "immaculate conception" if you really think about it.
And to say Satoshi just went away forever is a theory.
Not a single person to date can show us who Satoshi really is...for all we know, it could be anyone you want to name, like Elon Musk for instance. Just because we know of Satoshi's wallet, doesn't mean that Satoshi has more that nobody knows of. It's very easy to mine more BTC, add it to a new wallet. That same logic can be applied to how much they theoretically mined to date. We have nothing to go off of, minus the very beginning.
And to say all other coins are premined is also false. That's just how PoW chains work.
I can tell you are a BTC maxi. Nothing wrong with it, but don't be blinded by it.
I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
why would black hats create something they have no way of controlling, and puts the power of OWNING money back into peoples’ hands?
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
which other has a finite supply that can never change? it’s also about the fact that it is the only coin which has an “immaculate conception”. the creator of it limited his own mining power, and went away forever. all other coins are premined by the people who knew about its launch. there is 0 comparison.
Algorand is one for example. I know there are others, but I do not keep up with every single project, but if I did a little digging I could find more for you.
BTC has also forked more than once, and still can. That's just creating more supply with a different name attached to it, even though they are now two different entities. That's not an "immaculate conception" if you really think about it.
And to say Satoshi just went away forever is a theory.
Not a single person to date can show us who Satoshi really is...for all we know, it could be anyone you want to name, like Elon Musk for instance. Just because we know of Satoshi's wallet, doesn't mean that Satoshi has more that nobody knows of. It's very easy to mine more BTC, add it to a new wallet. That same logic can be applied to how much they theoretically mined to date. We have nothing to go off of, minus the very beginning.
And to say all other coins are premined is also false. That's just how PoW chains work.
I can tell you are a BTC maxi. Nothing wrong with it, but don't be blinded by it.