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That's a fundamental security assumption made by Nakamoto consensus. It's like assuming the discrete log problem is hard. If/when the assumption doesn't hold the security is gone.

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That’s a better way of putting it. It’s a good argument for ASIC resistance and CPU dependence because it’s a lot harder to control General-Purpose CPU supply than ASIC supply.

Meanwhile my regular joe laptop can earn double its electricity cost in Monero (before it thermally locks up).

I am not a hardcore bitcoiner, but the price would fall quickly if these few controlling nodes would do something malicious. Which is against their own interest.

Probably. But a core aspect of decentralization is that you shouldn’t need to trust a few others at all.

I think it's more like limits: Trust minimization, not trust elimination.

Who cares about technicalities, the point was to let people hold the system in their own hands.

In Trust we trust!

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