RE: Institutional Adoption Has Arrived - Vanguard Owns $560 Million in Bitcoin Mining Stocks

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What happens when BlackRock, Vanguard, and State Street own a majority interest in >50% of miners?

Thanks!

hive-167922
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I think it would take quite a lot more than this for them to own that many miners on a global scale

Remember: they can't invest in many of the foreign entities that mine BTC. This creates a bit of a safeguard

In the doomsday event that they own 51% of the network, the network can always be forked. Look at Hive - thriving better than ever today compared to Steem days

I don't think it will ever come to that, but it's nice to have that escape hatch if it ever does

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"they can't invest in many of the foreign entities that mine BTC. This creates a bit of a safeguard"

Are you referring to state actors, or privately owned miners? Those may not be available. OTOH, everything is for sale for a price.

"I don't think it will ever come to that..."

It's a common tactic they use. When they control the boards of the companies they own, they gain a significant degree of control of their investments, increasing their prudential security.

At least forking is potential, which isn't the case in many industries.

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