This is how bitcoin slowly dies from here. What started as a chance for everyone to generate their own bitcoins and participate in the economy now turns to a few data centers producing bitcoins thus forcing new users to purchase new bitcoins from them. We've traded fiat currency controlled by a few central banks to bitcoin controlled by a few data centers.
Meet the new 1%. Slightly different to the old 1%, but they're still there.
Meet the new 1%. Slightly different to the old 1%, but they're still there.
If this turns into a giant downhill snowball effect & miners decide to cut losses btc will be finished... Maybe with a new all time low
