it's just one of the 7 bitcoin subsystem centralization risks, precisely Bitcoin ownership centralization.
I wrote a piece about it here:
https://bitcoinmagazine.com/technical/bitcoin-decentralization-and-where-to-find-it
IMHO Ownership centralization is not much a technical problem rather a sociopolitical one.
In other words:
Does Bitcoin work? Yes.
Does it achieve the creators'expectation for a better world? Meh...
Michele Degli Uberti
npub1ll…uveh7
2024-10-04 11:50:58
in reply to nevent1q…xu36
Author Public Key
npub1ll2l4chxxc6p725va4adxcpt8jszrkn4xya750htq68r0zln65hs9uveh7Published at
2024-10-04 11:50:58Event JSON
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