Can Bitcoin stay decentralized as it grows? I dive into its network components, comparing IOUs like MicroStrategy, exchange balances, and ETFs to self-custody with private keys—your key to true ownership. Solo mining vs. pooled mining? Pools dominate for economic reasons, but decentralization hinges on no pool projecting more than 50% hashrate (like Ghash.io’s 2014 scare). […]
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