this post was submitted on 15 Jun 2025
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What does centralization mean then? Those numbers look pretty concentrated to me.
But but but muh blockchain is decentralized.. as if a hostile actor with enough resources couldn’t just take control.
In this context it means that although Blackwood holds 90% they still rely on ‘third’ parties to validate and accept transactions
Nobody said that couldn't happen. It has happened in fact, to a fork shitcoin. Everyone knew immediately and it lost trust, it's relatively worthless now. Blackrock won't undercut themselves that way. They're psychotic narcissistic parasites but they're not stupid.