Saylor and Musk Launch "Bitcoin Mining Council"

Happy Tuesday, Blockfolians

The Lede

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:

vs.

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


Community Commentary

Is ransomware the next FUD?
Seems big!

A Really Big Number We Should Be Paying Attention To

$220,000,000

That’s the amount on offer from Dfinity for Developer Grants


Final Thought

Super interesting conversation