Quote from: Wind_FURY on July 16, 2023, 01:22:20 PM

Quote from: Lucius on July 14, 2023, 12:44:37 PM

Quote from: Wind_FURY on July 14, 2023, 07:21:17 AM

~snip~
OK, so the Giga-Chads have already opened a debate about the issue.

There's also another shower thought that I brought up before. What if the banksters and institutions like BlackRock hold more than 50% of the Bitcoin in circulation, and increasing. Could be say that Bitcoin as a currency has failed?

Bitcoin will always remain available to ordinary people even in the event that someone owns 50% or more coins, and that means that the idea on which Satoshi designed the whole thing will still exist. As for the question of whether Bitcoin has failed as a currency, it's highly debatable, but I believe we can agree that most people don't perceive it that way.

It remains to be seen what effects the possible spot BTC ETF will produce (short-term or long-term), but I personally hope that there will always be a certain percentage of people who will follow Satoshi's vision and will not deviate from the basic ideas - which means that Bitcoin will always represent what it represents today.

But how high is the threshold before it truly becomes concerning? More than 80%? 90%? Bitcoin is a limited resource and there's twelve out of twenty of the biggest investment banks and asset managers in the world that wants to gain custody of Bitcoin in some form.

Altogether they control TRILLIONS of wealth.

It's probably why Bitcoin developer Peter Todd has currently been saying that he's open to the idea of an inflationary cryptocurrency.

That will be the main game between these major funds. They will try to capture the maximum amount of coins trying to cheat each other. We call it market cycles, uptrends, downtrends, sideways movement and so on. But the rules of the game will be dictated by these big players. In other words, nothing will change globally, but new big players will appear on the market and they will influence bitcoin in every possible way, dumping and pumping up the price.