Samson Mow, the CEO of the cryptocurrency industry, recently took to Twitter to discuss how traditional advocacy techniques will not work for Bitcoin. According to Mow, Bitcoin’s decentralized nature means it cannot be lobbied or affected in the same way that centralized programs can.
According to Mow, the Proof of Work method means that any substantial change in Bitcoin involves actual work and that activists should spend money and time making a difference. Mow implies that learning to code, understanding the code, and suggesting changes via mailing lists are viable ways to effect change in Bitcoin.
Furthermore, Mow is very valuable in researching and improving environmentally friendly ASICs, investing in inexperienced vitality infrastructure, and hosting Bitcoin miners at a lower price than “soiled vitality.”
Nonetheless, Mow noted that these options necessitate significant work and skin in the game. He emphasizes the need to sustain the community’s decentralized character by stating that any system not built on a Bitcoin standard would eventually collapse.
Mow also points out that making BTC greener is subjective and that advocates must be willing to invest significant resources to make a difference. He feels that most activists will whine rather than undertake the necessary work.
Overall, Mow’s tweets emphasize the need to understand Bitcoin’s decentralized structure and commit time and resources to make substantial changes within the community. His ideas also underscore the importance of establishing a Bitcoin standard and making the blockchain more environmentally friendly.