Reported 1 day ago
Pow.re CEO Mike Cohen highlights that while institutional interest in Bitcoin has surged, the real concern lies in the centralization of Bitcoin mining, which poses an existential threat to its decentralized nature. He argues that MicroStrategy should not be viewed as the enemy, but rather the consolidation of mining power that risks manipulation and control over the network. Cohen emphasizes the importance of spreading hash rates and encourages resistance against mining monopolies to maintain Bitcoin's integrity.
Source: YAHOO