Admin Access

Who Really Controls Crypto? Bitcoin, Monero & the 51% Attack


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The boys dive into the world of crypto on this episode of Admin Access, spotlighting Monero’s recent takeover by mining company Qubic. The firm flexed its dominance by rewriting five blocks on the $6 billion market-cap blockchain, and the hosts unpack how a single entity can effectively hijack a decentralized network by seizing majority mining power.At the heart of the discussion is crypto’s paradox: systems designed to resist centralization often end up recreating it in new forms. Dominic and Evans trace how Cubic’s influence surged from just 2% of Monero’s hash rate in May to over 50% by August and why privacy-focused blockchains like Monero face unique vulnerabilities.Evans and Dominic get into the mechanics of proof-of-work vs. proof-of-stake consensus, mining pools, and the economic incentives that drive these systems.They don’t shy away from uncomfortable truths, such as Bitcoin’s mining power being concentrated in just four pools, with three Chinese firms controlling nearly 40% of the global hash rate.The episode wraps up by examining what these developments mean for emerging markets and financial sovereignty worldwide raising critical questions about who really holds power in the so-called “decentralized” economy.To keep up with Dominic’s and Evan's Journey, check out their LinkedIn:https://www.linkedin.com/in/dominic-mulinda/https://www.linkedin.com/in/evans-kanyithia-munene__________________________________________________________________Join Dominic & Evans as they explore the world of tech and share their bold takes with guests on Admin AccessSubscribe to our podcast, drop a like, comment, and hit the notification bell to stay updated with our latest content.Don't forget to spread the word! Sharing is caring! 🌟Follow us on social media:📸 Instagram:https://www.instagram.com/adminaccess_💼 LinkedIn:https://www.linkedin.com/company/admin-access/ ♪ TikTok:https://www.tiktok.com/@admin.access_ Interested in partnering with us? Drop us an email at: [email protected] 📧

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Admin AccessBy My Tech Story Africa