Bitcoin’s Biggest Hidden Risk: Centralization
I’m not here to spread FUD — I personally hold Bitcoin long term (8+ years) — but every holder needs to know this:
Bitcoin’s strength lies in decentralization, and right now, it's at serious risk.
The 51% Attack Risk:
If a single actor controls over 51% of the network’s hashrate, Bitcoin’s integrity could collapse.
The Reality Today:
Top 5 mining pools control over 80% of Bitcoin’s hashrate.
Including hidden proxy pools, top 6 pools control 96%!
Mining centralization has worsened sharply since 2023, right when Bitcoin ETFs gained momentum.
Geopolitical Risk:
China controls 55% (Antpool, ViaBTC, F2Pool)
US controls 40% (Foundry, MARA Pool)
These are regulated companies — vulnerable to government pressure and censorship.
Example:
In Dec 2023, F2Pool censored a Bitcoin transaction — whether intentional or not, censorship is now a real threat.
What We Can Do:
Support smaller mining pools
Encourage solo mining
Promote decentralized pools
Boost home mining, even at a small scale
Bitcoin’s future depends on decentralization.
It’s David vs Goliath — and every holder has a role to play.
