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The Bitcoin Standard Podcast - 61. Why bitcoin can’t be controlled by councils

61. Why bitcoin can’t be controlled by councils

The Bitcoin Standard Podcast

06/10/21 • 62 min

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In today’s seminar Saifedean talks to regular seminar attendees about the Bitcoin Mining Council: a recently formed group of North American bitcoin miners that aims to “promote energy usage transparency [and] accelerate sustainability initiatives worldwide.” They discuss why centralized attempts to alter bitcoin are unlikely to succeed without broad community consensus, what we can learn from the proposed SegWit2x software upgrade of 2017, and why the claims of some popular green energy initiatives are dubious.

Related Texts:

Article on establishment of Bitcoin Mining Council: https://www.newsbytesapp.com/news/business/musk-s-bitcoin-mining-council-promises-sustainability/story

The Blocksize War by Jonathan Bier: https://blog.bitmex.com/the-blocksize-war-chapter-1-first-strike/

Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.

THE BITCOIN STANDARD TOOLKIT/SPONSORS

NYDIG - https://nydig.com

Cyphersafe - https://cyphersafe.io/

OKCoin - https://okcoin.com/

Nodl - https://www.nodl.it/

Coldcard - https://coldcardwallet.com/

CoinBits App - https://coinbitsapp.com/

06/10/21 • 62 min

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The Bitcoin Standard Podcast - 61. Why bitcoin can’t be controlled by councils

Transcript

[00:03:39] Saifedean Ammous: Hello, and welcome to another episode of the Bitcoin standard podcasts seminar. In today's seminar, we're going to be discussing the Bitcoin mining council, a consortium of mining companies in north America that got together and issued a statement committing to revealing the energy mix that they use in their mining.

So I thought this was pretty notable and worth discussing today. First of all, it's I think worth notable because it is to a ver

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