32% of bitcoin is held by just 20 entities. This sh*t is more centralized than the Fed.

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“They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you, sooner or later, ’cause they own this fucking place. It’s a big club, and you ain’t in it.”

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~George Carlin

The point of this post is that bitcoin doesn’t meet it’s original mission of decentralization or self custody. To further that point, something like 99.99% of transactions happen off chain. The tech is garbage.

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h/t Master_Engineer_5077


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