Is decentralization left in crypto? (conspiracy theory)
Friends, in recent days I have been actively watching the development of ETFs, the withdrawal of BTC from Grayscale to the exchange and how the BlackRock ETF is starting to gain momentum in the market. Yesterday, by the way,
they surpassed the Grayscale ETF in trading volumes for the first time. And then I wondered:
isn't Grayscale deliberately giving leadership to BlackRock? Now they are actively transferring their BTC to Coinbase (exchange), and no one knows what will happen to them next. Are they sold, are they transferred, or what is done with them? It is not known.
Or maybe Grayscale is using the exchange to lose track of transfers? After all, Coinbase won't disclose information like that for sure, because
they have long been NOT in favor of decentralization and have been communicating with government agencies on a one-to-one basis.
So I guess what I'm saying is that Grayscale translates its bits for BlackRock? And why not?Because it is BlackRock that will now be the "leading voice" for BTC and manage this market in the real world. They will dictate their rules of the game. They will own the largest amount of BTC
(own = control=manipulate). By the way, they already own a large portion of the mining companies.
Now anyone who wants to change some rules of the game in the market
will have to deal with BlackRock. Who can become their rival? Perhaps a "new BlackRock" in the face of Chinese competitors.
So far there is no rival for BlackRock. Nor is there decentralization. After all, they are definitely not playing for crypto, but for the state. It seems that the era of decentralization is over. Does everyone understand what decentralization is? - Yes
- No, we should do a post on this topic
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