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A comment on .01% of Bitcoin holders hold 27% of all Bitcoin. Parent comment

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by DennisP on Sunday May 22, 2022 @08:35AM (#31467465)
Yes, that's exactly it. That's also how miners work in PoW. In both cases, they get paid for what they do.
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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by atweiden on Sunday May 22, 2022 @07:03PM (#31473669)
Miners hold enormous political power in Bitcoin.

Users and developers are dependent on miners to create blocks. The negotiating power of miners is self-evident.

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