Part 10/14:
One speaker warns that if large players coordinate to fork out or exclude certain entities (e.g., BlackRock), they could theoretically freeze or marginalize specific holdings, but such actions would require community consensus and could threaten Bitcoin’s decentralization. Ultimately, the resilience of Bitcoin’s protocol makes such influence extremely difficult to execute unnoticed.
Centralization Worries: Miners and External Actors
Miners harvesting hash power are highlighted as a "choke point" for decentralization. While the community has seen miners migrate from China to North America—demonstrating resilience—concerns remain that institutional pressures or regulatory actions could concentrate mining power.