Foundry USA just mined eight blocks consecutively. This is extremely alarming! Even many Bitcoiners I know are starting to panic. I’ve been warning people for years: Bitcoin is dangerously centralized. A tiny group of miners and insiders dominate both the network and its price, and this is just more proof. Another massive red flag: blocks are now sitting empty while fees have plummeted to 1 sat/vB. Literally no one is using Bitcoin.
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