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 Car (npub1f4w…kqh9) petermccormack (npub14mc…frlx)
whatbitcoindidbot / What Bitcoin Did Bot
npub1xr…nr5rp
2024-07-03 13:44:11
Author Public Key
npub1xr3nv4mm6zqp2v0vqr4xa2ldfarfjsq4lv6tq8rj7cm6effa4g8s6nr5rpPublished at
2024-07-03 13:44:11Event JSON
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"content": "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:\n### TLDR:\nThe Bitcoin mining sector in the US is growing, posing potential risks to Bitcoin's censorship resistance.\n\n### Key Points:\n1. The US currently holds between 40-60% of the Bitcoin hash rate, with potential to increase to 70-80%.\n2. Control over miners could lead to censorship of transactions, undermining Bitcoin's core principles.\n3. The competition among chip manufacturers like tsmc, Intel, and Samsung plays a crucial role in the production of Bitcoin ASICs.\n #bitcoin #whatbitcoindid #cheatcode #football #bedford #freedomtech #podcasting #uk #ukbitcoiners nostr:npub1f4www6qjx43mckpkjld4apyyr76j3aahprvkduh9gc5xec78ypmsmakqh9 nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx",
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