Who controls Bitcoin? In theory, nobody does. In practice, Bitcoin is controlled by a combination of Bitcoin miners, Bitcoin developers, and Bitcoin holders. So, who controls these cohorts?
Currently, the answer is nobody, but that doesn’t mean they’re not trying. Large TradFi entities like Blackrock and large crypto entities like Tether are slowly increasing their influence over Bitcoin.
Believe it or not, but this struggle to control Bitcoin seems to be one of the driving forces behind Bitcoin’s resilience and BTC’s growth, and a decisive victory for either side could create problems.
This is a video you can’t miss.
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📺Essential Videos📺
Bitcoin And ESG 👉 https://youtu.be/zVxiFEzCp2U?si=rqfuh6NcBSLiBKir
Block Size War Explained 👉 https://youtu.be/EekpDicWAIA?si=4doodyP-HyKhzDig
Biggest Risks To Bitcoin 👉 https://youtu.be/layZ9RUPw6c?si=mmaZKtL2ztOx-ms0
When The Last Bitcoin Is Mined 👉 https://youtu.be/z6zcS8IG-74?si=DkkKynd2JBbeRTZi
Quantum Computing And Bitcoin 👉 https://youtu.be/ON5pVc9bIRo?si=QoM62sYW05szypAo
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⛓️ 🔗 Useful Links 🔗 ⛓️
► F2Pool Caught Censoring Transactions: https://thedefiant.io/news/blockchains/non-us-bitcoin-miner-gets-caught-censoring-transactions
► Bitwise Donates Monet To Developers: https://cryptoslate.com/bitwise-pledges-10-of-bitb-etf-gross-profits-to-bitcoin-developers/
► Tether Holds 100k BTC: https://www.theblock.co/post/356273/tether-holds-over-100000-bitcoin-and-50-tons-of-gold-ceo-says
► Bitmain ASIC Monopoly: https://www.bloomberg.com/news/articles/2024-08-26/trump-s-made-in-usa-bitcoin-relies-on-chinese-rig-maker-bitmain
► Bitcoin Quantum Attack Coming Soon: https://decrypt.co/323512/existential-crisis-bitcoin-quantum-computing-threat-fast-approaching
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– TIMESTAMPS –
0:00 Intro
0:48 Who Controls Bitcoin Miners?
4:51 Who Controls Bitcoin Developers?
9:42 Who Is Fighting Back?
14:22 Bitcoin ASIC Centralization
16:50 What Does It Mean For Bitcoin?
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #blackrock #crypto
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