Bitcoin News
By Dan Saada
1 / 12
Michael Saylor expressed, “Yesterday I was pleased to host a meeting between Elon Musk and the leading Bitcoin miners in North America.
2 / 12
In response Charlie Lee expressed: “I see this as an overall good thing. It will help defeat the energy FUD.
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Further stated, Humans will always tend towards centralization. It's how we cope with chaos. But this is fine because Bitcoin is designed to stay decentralized.
4 / 12
LTC community member was like: I'd want to understand more about how Bitcoin's immune system can fight back against the side effects he mentioned.
5 / 12
Elon Musk has also tweeted: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so.
6 / 12
Corruption starts in closed door meetings. Fraudsters meeting for a centralized association. No thanks. Bitcoin does not need that.
7 / 12
Until Musk says he's unhappy again with something and Council will have to obey. It's wholly useless, as anyone can become a dominant player, and completely disregard…
8 / 12
Anyone anywhere can mine Bitcoin without needing permission from this cartel.
9 / 12
Bitcoin will be centralized eventually. Apparently there is a hidden rule in the protocol. Miners can’t meet. Blocks will be rejected.
10 / 12
If participants of a network have to actively restrain their actions to make sure the system doesn't centralizes - then it was never decentralized to begin with.
11 / 12
Unless they reach 51% where they censor the miners who do not participate with their cartel.
12 / 12
This just brings the flipping closer. Billionaires starting a cartel to "influence" BTC in the direction they think is best - just guarantees BTC dies sooner.
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