Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
Well, the decentralization of Bitcoin only lasted so long. Now it is in the hand of a few large “mining” corporations who can afford the hardware and have access to cheap electricity.
As long as those companies have to compete with each other for mining, there is some decentralization. Ofc it could be a ton more, some currencies like Monero use different hash functions that cant have custom chips made for them, making it easier for traditional CPUs to mine it, so large companies cant control vast amounts of the hash rate.
Well, the decentralization of Bitcoin only lasted so long. Now it is in the hand of a few large “mining” corporations who can afford the hardware and have access to cheap electricity.
As long as those companies have to compete with each other for mining, there is some decentralization. Ofc it could be a ton more, some currencies like Monero use different hash functions that cant have custom chips made for them, making it easier for traditional CPUs to mine it, so large companies cant control vast amounts of the hash rate.
That’s oversimplifying things quite a lot. And is also not accurate.