this post was submitted on 01 Jun 2025
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Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 2 weeks ago by Pro@programming.dev to c/technology@lemmy.world
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[–] untakenusername@sh.itjust.works 1 points 2 weeks ago

As long as those companies have to compete with each other for mining, there is some decentralization. Ofc it could be a ton more, some currencies like Monero use different hash functions that cant have custom chips made for them, making it easier for traditional CPUs to mine it, so large companies cant control vast amounts of the hash rate.