-
@ Kaputalism Minimalist
2025-05-14 07:33:32
Consider the extrem scenario where the nodes of the 10 biggest exchanges would be responsible for 80% of the transactions.
It should be immediately obvious how they are much more important in the Bitcoin economy than 10 random pleb nodes.
Eventually, Bitcoin hash rate will only be secured by transaction fees. In case of a split, the 10 nodes in this example will directly control which fork gets 80% of the hash rate, because they pay for it and the miners just follow the money.
Wealth concentration, by inequality or any other means, like centralized exchanges, is a serious danger and centralizing force, not only in Bitcoin, but to everything else as well.
Literally everything works betteer the more wealth and power is distributed.