Oddbean new post about | logout
 Bitcoin is not long-term resilience, it's already controlled ^^

In 15 years (already done from years) the mining was captured by big corporations which will comply for sure to the authorities to censor transactions, the LN nodes are cloud hosted by Google & Amazon alone for 50%, if we take all the ISP it's probably close to 90%, where 5 entities alone own 50% of the liquidity, it's so decentralized...

The real problem is transactions are traceable, they are not anonymous, censorship is possible, so I expect it will happen soon or later.

At this point it's not a compromise, it's a failure

https://image.nostr.build/33ef7f545dce3b1f340d18a769f889a99dd3b7518018af3a4ee9509009e7a1d2.jpg

https://image.nostr.build/7da21812d906daaef0558a8fe93d0377ed7153f13b57bf410098043058c9c4d3.png