demian on Nostr: I understand what you’re referring too and it’s also a real concern of mine. A ...

I understand what you’re referring too and it’s also a real concern of mine. A handful of major mining pools control a significant portion of the network’s hash rate, increasing the risk of coordinated influence. Institutional investors, such as BlackRock through its Bitcoin ETF, are accumulating large holdings, concentrating wealth and control. Additionally, many users rely on centralized exchanges rather than self custody, further shifting power away from individuals. If this trend continues, Bitcoin could start functioning more like a centralized asset, as you mentioned, rather than the decentralized alternative it was meant to be.

That’s why I state that we should maintain the original path of Bitcoin’s philosophy: “censorship resistance, decentralization, and financial sovereignty”, ensuring that individuals, not institutions or governments, retain control over Bitcoin. How? It’s as simple as keeping your Bitcoin away from exchanges, controlling your private keys, running a node, mining Bitcoin on your own or joining a decentralized mining pool, and ignoring what BlackRock, banks, and governments say about Bitcoin.