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Michael Saylor: “On Wednesday, you are all invited to meet with members of the Bitcoin Mining Council to discuss the latest on Bitcoin Mining, the energy debate, network dynamics, China mining policy, North American mining developments, tech trends & industry outlook”.

Michael Saylor: “On Wednesday, you are all invited to meet with members of the Bitcoin Mining Council to discuss the latest on Bitcoin Mining, the energy debate, network dynamics, China mining policy, North American mining developments, tech trends & industry outlook”.



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37 Comments

  1. People are getting agitated but really, what exactly would enforce anything decided at these meetings? Bitcoin is a cat and it does whatever the fuck it wants to.

  2. Anyone can form councils, groups, or whatever they want regarding Bitcoin if they wish. I don’t see the problem.

    The won’t control Bitcoin, they won’t control mining. Are you worried about centralization? Run a fucking Bitcoin node. As simple as that.

    And they could do good things to fight the FUD against Bitcoin energy.

  3. “You are all invited to meet with members of the Council”

    Can you see the line dividing who has the power to decide the future of Bitcoin and who doesn’t? Why should we join if we are only tools and fools?

  4. Reminder that 90% of the miners, businesses and exchanges tried to push a blocksize change back in 2017 and failed miserably. Miners don’t control jack shit. They’re worker ants for the security of Bitcoin and get paid handsomly for their efforts. The worst this council can accomplish is to mandate some sort of political “green” policy for mining for some fraction of North American miners, which would only hurt their bottom lines as they’d get recked my foreign miners.

    For a more comprehensive discussion of mining councils, the latest episode of the Bitcoin Standard Podcast goes in depth on this topic: https://the-bitcoin-standard-podcast.castos.com/episodes/61-why-bitcoin-cant-be-controlled-by-councils

  5. Saylor has done a lot to promote BTC, especially to traditional investment companies/banks and the financial elite. It troubles me a bit though. One man having so much sway and influence. Currently he’s 110% on board, but what happens if he changes his mind? I’ve seen old tweets of his where he was ultra critical of BTC before his lightbulb moment, he could just as easily change his mind again. Microstrategy is also a public company. Could Saylor not be voted out if the board turns on him?

  6. So we can put to rest the FUD and conspiracy theories about the Mining Council being a secretive elitist evil cabal trying to take control of Bitcoin.

    Edit: I hope Elon participates or STFU forever.

  7. To all the party-poopers, trolls, haters and negative-nancy’s here:

    * Is in Mr. Saylor’s **OWN interest** to keep Bitcoin strong, secure and decentralized. And that’s congruent with all the efforts he is doing in favor of Bitcoin. You don’t need to be a fucking rocket scientist (like him) to figure that out.

    * I’m thinking many people here posting only negative comments don’t have the best interests towards Bitcoin in mind.

    * I usually post “Moneybadger don’t give a fuck”, but that’s related to the massive anti-bitcoin FUD everywhere.
    But I think Moneybadger could use some help when surrounded by hundreds of jackals and lions trying to destroy it.

    * **Bitcoin being decentralized doesn’t mean DO NOTHING to help or protect it, as many here are suggesting**.

    Edit: Spelling.

  8. this is not good, you can be sure they will also run nodes, meaning they’ll have control on future upgrades to bitcoin, centralization is the last thing you want.

  9. Yeah as long as 6 billionaires are doing their best to fix/control bitcoin everything should be fine. What a bunch of clowns. What was that about decentralisation again?

  10. The fact is that there are no decentralized markets on this earth. The wealthy will always be able to control and dominate their capital to a greater extent than the average person. Thousands of dollars, at the very least.

  11. No single individual here has the capital, the influence or the time to stop the energy FUD. Even with good arguments your voice Will not be heard and drowned out. A mining council that can publicly advocate is a good thing. Maybe bitcoin doesn’t work that way but the world does.

  12. The issue here is only on the naming I think, no one likes the term council as it transmits a sense of decision/power instance. If they had called themselves something like Bitcoin Energy-FUD Fighting Initiative or something among the lines, I think 99% of the community would have supported them. But I guess egos need to be feed once in a while…

  13. All the morons trying to spread centralization FUD…. any number of people can meet and ‘form a council’ or have sex with each other or whatever at any time…. has nothing to do with the Bitcoin protocol.

    In the past, people even tried to alter the protocol, and failed miserably. Bitcoin is the only crypto which has proven itself extremely resilient to centralization, other cryptos are already centralized (governance at the very least) to begin with.

What do you think?

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