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shortwavesurfer2009 /
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2024-05-29 12:20:30

shortwavesurfer2009 on Nostr: From a coin disc article. "Bernstein says it expects the U.S. bitcoin mining industry ...

From a coin disc article.

"Bernstein says it expects the U.S. bitcoin mining industry to consolidate to about five large players who will control substantial capacity. There are more than 20 publicly listed miners at present."

First Mover Americas: BTC Consolidates Around $68K as IBIT Overtakes GBTC
https://www.coindesk.com/markets/2024/05/29/first-mover-americas-btc-consolidates-around-68k-as-ibit-overtakes-gbtc/

Each having is just going to make it easier for the US government to control more than 51% of the #Bitcoin mining hash power and stop transactions if they wish. Since Bitcoin is not fungible, it can totally be blocked.

#Monero
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