The rationale behind Elon Musk involvement in the Bitcoin Mining Council Plans

The rationale behind Elon Musk involvement in the Bitcoin Mining Council Plans

The MicroStrategy CEO, Saylor  reached out to the Bitcoin mining firms and asked if they’d like to meet the entrepreneur, after a very long conversation with Elon Musk. he MicroStrategy CEO reached out to the Bitcoin mining firms and asked if they’d like to meet the entrepreneur. The MicroStrategy CEO reached out to the Bitcoin mining firms and asked if they’d like to meet the entrepreneur, during the “constructive” meeting.

“We asked Elon for his advice about how we might actually manage concerns in the mainstream. We had a detailed conversation about it. We talked about how we might be able to surface better data. “

Musk’s reported “first-order ask” was “can we come up with a way to publish or create transparency for Bitcoin mining energy usage?” and Saylor echoed this sentiment when he stated:

“I think the first step is, let’s come up with a protocol for us to publish energy information in a way that we can share it with the world and then work together to make sure that we pursue sustainable energy goals.”

 

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