Why does this description sound entirely like someone trying to sell me something?
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Probably because they are. Could have made it a text otherwise.
Even the people who are against crypto are probably shilling something. Same song, different key.
This guy wasn't born yesterday.
Even after watching it, I have no idea, what the headline is supposed to mean...
How Wall Street Giants Are Bilking Poor People Out of Money
Poor people usually don't own/buy/trade bitcoin...
And in case it's about Blackrock investing the retirement money of the poor... The same video mentions that the Bitcoin ETF is the fastest growing ETF ever.....
Even if they do have 90% that's not what centralization means. It doesn't work like dollars.
Also at least 10%, maybe even 20% or somewhere between the two, is burnt. Inaccessible.
Blackrock and others are absolutely fucking around criminally, but if you're going to try to report about it you should at least bother to get the basics right. Ignorance is one of the reasons they're able to get away with this crap.
What does centralization mean then? Those numbers look pretty concentrated to me.
But but but muh blockchain is decentralized.. as if a hostile actor with enough resources couldn’t just take control.
In this context it means that although Blackwood holds 90% they still rely on ‘third’ parties to validate and accept transactions
as if a hostile actor with enough resources couldn’t just take control.
Nobody said that couldn't happen. It has happened in fact, to a fork shitcoin. Everyone knew immediately and it lost trust, it's relatively worthless now. Blackrock won't undercut themselves that way. They're psychotic narcissistic parasites but they're not stupid.
Fuck BlackRock. Disgusting company.