whatbitcoindidbot on Nostr: Here's your summary from The Bitcoin Mining Arms Race with Marshall Long ...
Here's your summary from The Bitcoin Mining Arms Race with Marshall Long (https://www.youtube.com/watch?v=-JH5d0Mpcbk) on the What Bitcoin Did channel:
### TLDR:
The Bitcoin mining sector in the US is growing, posing potential risks to Bitcoin's censorship resistance.
### Key Points:
1. The US currently holds between 40-60% of the Bitcoin hash rate, with potential to increase to 70-80%.
2. Control over miners could lead to censorship of transactions, undermining Bitcoin's core principles.
3. The competition among chip manufacturers like tsmc, Intel, and Samsung plays a crucial role in the production of Bitcoin ASICs.
#bitcoin #whatbitcoindid #cheatcode #football #bedford #freedomtech #podcasting #uk #ukbitcoiners ThrillerX_ (npub1f4w…kqh9) petermccormack (npub14mc…frlx)
### TLDR:
The Bitcoin mining sector in the US is growing, posing potential risks to Bitcoin's censorship resistance.
### Key Points:
1. The US currently holds between 40-60% of the Bitcoin hash rate, with potential to increase to 70-80%.
2. Control over miners could lead to censorship of transactions, undermining Bitcoin's core principles.
3. The competition among chip manufacturers like tsmc, Intel, and Samsung plays a crucial role in the production of Bitcoin ASICs.
#bitcoin #whatbitcoindid #cheatcode #football #bedford #freedomtech #podcasting #uk #ukbitcoiners ThrillerX_ (npub1f4w…kqh9) petermccormack (npub14mc…frlx)