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RE: Is Bitcoin really decentralized, or are we being led like lambs to the slaughter?
Great post. Thanks. I wanted to know if you researched on the bitcoin past mining numbers prior to China getting involved. I have a feeling a lot of the rise in price of bitcoin is not a global rise but a central rise based in China. People who mined around 2009 - 2012 must have millions of bitcoins by the time China took control? I now believe even more that China is a significant reason why bitcoin prices are rising.
True but in the early days, it was a hobby, a niche and Bitcoin meant nothing.. those millions of coins were worth less than dirt then, so many were lost. I agree once it became a business as is the case now with the miners in China, things changed...