Happy Tuesday, Blockfolians
Well it’s only Tuesday yet we’ve had enough news for a month, it feels like.
Ray Dalio is a bitcoin owner.
China gave us more details about it’s mining ban (at least in Inner Mongolia)
And speaking of mining, Elon Musk and Michael Saylor have teamed up with a group of North American mining companies collectively representing about 10% of global hashpower to launch the “Bitcoin Mining Council.”
The group is focused on two things: 1) creating energy use reporting standards that members follow, and 2) advocating for greener energy.
Sounds good right? In fact, it was a source of INCREDIBLE debate almost immediately. Here are two fairly good characterizations of the two polls:
billionaires commandeer bitcoin consensus with shadowy centralized closed door cabal
sounds a lot scarier than
miners accounting for 10% of hashrate agree to disclose basic information that many of them were already disclosing anyway
all of you cheering for the centralization of bitcoin mining is the most ridiculous thing i’ve ever seen and i’ve seen a lot
What’s for sure is, knowing this community, the debate has just begun.
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Highly Relevant Reading
Michael Saylor follow up comments on BMC
Mark Cuban invests in Polygon/Matic
The 8 measures of Inner Mongolia’s Crypto Mining ban
A CBDC rollout would require Congress to give the Fed more authority
Is ransomware the next FUD?
DID WE JUST HIT PEAK ESG FUD intoday with ‘s stunt w/ ? Misinformation about bitcoin’s energy use is mind-boggling. Having lived thru waves of different FUD (eg, ‘s infamous FUD dice), my prediction=ransomware is the next FUD wave.🤔
U.S. Senator Kyrsten Sinema of Arizona and Senator Cynthia Lummis Wyoming, have launched the 𝗯𝗶𝗽𝗮𝗿𝘁𝗶𝘀𝗮𝗻 U.S. Senate Financial Innovation Caucus.
adoption is now a bipartisan issue in the United States.
A Really Big Number We Should Be Paying Attention To
That’s the amount on offer from Dfinity for Developer Grants
Super interesting conversation