Quote from: Welsh on May 26, 2021, 08:30:09 PM

I also believe he's been talking a lot about Dogecoin...so there's that too.

It's quite certain to believe that after reading through his series of tweets about the currency, Elon doesn't really know much about how bitcoin works on a highly technical scale . Well, he should be knowing the basics of the workings but wouldn't have had a hand on the decentralization subject which is governed by PoW mining.

Either this tweet could have been a way to improve the overall sarcasm but if he had posted this seriously, he is pretty much of an idiot trying to play with the emotions of noob investors.

In today's bitcoin world, we are dominated by more noob votes than veteran votes and hence the Mining Council will be well received as the general public (new to bitcoin) always tend to believe bitcoin is being governed by a central entity as how these so called altcoin foundations do! But to the contrary, such a foundation kind of set-up was always received negatively by bitcoiners right since the early days and I hope this should continue being so. I believe bitcoin is the only cryptocurrency which is still highly decentralized and not being governed by any non-profit organizations.

Well, we need to always remember what a powerful bitcoiner like Gavin did in the past. He started the Bitcoin Foundation and tried to control each and every aspect of the network which was highly frowned upon later :

Quote from: Gavin Andresen on October 25, 2011, 08:13:25 PM

Interact with the legal system, where a centralized entity is needed: for example, to hold the Bitcoin trademark, own/control the bitcoin.org domain name, etc.
Act as a central library for accurate information about Bitcoin, so journalists and policymakers have an 'official' place to learn about Bitcoin.
Collect donations to fund infrastructure necessary for Bitcoin's growth (organize regular developers' conferences or get-togethers maybe? pay for development of cross-implementation testing tools? pay core developers' salaries? create a certification/testing program for Bitcoin implementations? create a central clearinghouse for information about legal issues surrounding Bitcoin across the world?)

The whole idea of Mining Council (the new reformed Bitcoin Foundation) from a true bitcoiner's point of view is bullshit and should end miserably. People like Saylor/Elon is trying to control the "Internet of Money" and act like Gavin but we believe this will end as long as the power of the suites(corporates) doesn't outweigh the bitcoiners!