121 sats \ 2 replies \ @DiedOnTitan 3 Jun \ on: What should bitcoin be? bitcoin
In light of the Bitmain scandal: (providing crippled miners to everyone but themselves) and at the same time controlling +50% mining pool and 90% of ASIC market share, a good place for Saylor to put some of that development money would be to reduce the very concerning cornering of this aspect of the market that Bitmain has achieved. Surprising that this has not come up at all with Saylor as far as I know. He appears to want to freeze Bitcoin exactly where it is and do nothing in order to preserve his +1% of the total float. He seems blissfully unaware of the threat to the system Bitmain poses.
How realistic is it tho that Bitmain becomes hostile? Are we talking about a real risk here or is it just a theoretical thought experiment? 🤔
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Way. WAY beyond thought experiment. Read up on this post to get the details.
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