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“Bitcoin is no longer decentralized because banks and hedge funds are involved”

I see this stupid argument even in /r/bitcoin

Banks, hedge funds, and corps don’t control the issuance or total supply. Rich people buying Bitcoin doesn’t mean it’s co-opted. The promise of Bitcoin was never that nobody else would have more money than you.

It was created with a supply that can’t be manipulated & devalued like what’s been happening with every fiat currency.

The goal is for everyone to use Bitcoin and that includes bankers and CEOs.

If you own 1 BTC you own 1/21million of the total monetary supply and nobody can change that. Stop worrying about what other people have, and be glad that Bitcoin is the first asset that prevents anyone from taking what you have.

submitted by /u/huge_dingus
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