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Bitcoin Mining Council: A 'Green' Advance for BTC or a Trojan Horse for Centralization?

The community had extremely mixed reactions to Michael Saylor and Elon Musk’s new initiative.

May 25, 2021

The community had extremely mixed reactions to Michael Saylor and Elon Musk’s new initiative.

This episode is sponsored by Nexo.io and Bitstamp.

Yesterday, Michael Saylor and Elon Musk surprised the Bitcoin community when they announced a new "green" mining initiative that would see many of North America’s leading mining operators come together to develop common energy reporting standards as well as advocate for greener mining worldwide.

In this episode, NLW breaks down the community’s response, which ranged from enthusiastic to downright aghast. He discusses why there are such big differences in how people are interpreting the initiative and what their reasons for supporting or questioning it say about Bitcoin as a network.

Image credit: matejmo/iStock/Getty Images Plus, Britta Pedersen-Pool/Getty Images Entertainment and Michael Saylor/Twitter, modified by CoinDesk