Ah, mes amis, gather ’round for a tale most absurd-a farce played out not in the courts of kings but on the digital stage of cryptocurrencies. Just days after Monero suffered a 51% attack (quelle horreur!), whispers of dread now haunt Bitcoin’s hallowed halls. Two mining pools, Foundry USA and AntPool, have seized control of more than half the network’s hash power. Sacré bleu!
Imagine it: these modern-day alchemists, with their machines humming like overzealous bees, hold enough sway to manipulate transactions or reorder blocks at will. As one wit, Leo Lanza, quipped upon the social scroll known as X:
JUST IN: 🚨 Bitcoin teeters on chaos as two mining juggernauts command over 51% of its soul-er, hash power.
– Leo Lanza (@l3olanza), August 19, 2025
But wait! The plot thickens. Foundry USA recently mined eight consecutive blocks-a feat so rare it might as well be performed by jesters juggling flaming torches. “This is alarming!” cries Jacob King, another voice in this grand opera of panic. “Bitcoin is dangerously centralized!” he laments, though we suspect his dramatic flair would impress even Molière himself.
Foundry USA just mined eight blocks in a row. Alarming? Oui! Panic-inducing? Peut-être! Centralized? Tragique!
I’ve warned thee all: a cabal of miners holds dominion over both network and price…
– Jacob King (@JacobKinge), August 18, 2025
Meanwhile, analysts observe strange omens: empty blocks proliferate, transaction fees plummet to a mere pittance of 1 sat/vB. Could this be the harbinger of doom? Or merely the natural ebb and flow of such a tempestuous market?
The Price Plummets-Oh, What Woes Await!
And yet, mes chers, there is more calamity afoot. After scaling dizzying heights to $124,457 last week, Bitcoin’s price now staggers toward $113,000, flirting perilously with support at $110,530. Should it falter further, who knows where the abyss may lead? Perhaps $107,000-or worse, the dreaded $100,000 mark! Mon dieu, spare us from such indignities.
Still, some loyalists cling to hope, arguing that miners dare not bite the hand that feeds them. After all, why destroy the very system that lines their pockets? Yet alas, dear reader, perception often wields greater power than reality. The shadow cast by Monero’s misfortune looms large, shaking confidence and igniting debates about centralization fiercer than any duel fought in Versailles.
Thus concludes our tragicomic saga-a reminder that even in the realm of blockchain, human folly reigns supreme. Vive la révolution… or perhaps not? 😉
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2025-08-20 14:37