In a recent dialogue, Jack Dorsey and Luke Dashjr shared their perspectives on the development and future direction of Bitcoin. According to Dashjr, #Bitcoin has transformed from a simple project into a serious initiative. Dorsey supported this view, emphasizing Bitcoin's resilience and sophistication over time. Both appreciated the community's ability to identify and address new challenges.

Dorsey's Vision: Bitcoin as a Catalyst for Global Peace and Energy Abundance

Dorsey believes that Bitcoin has the potential to contribute to global peace and energy abundance. The conversation also focused on the current state of Bitcoin mining. Dashjr described the #mining situation as problematic, with a small number of entities controlling the blockchain. Dorsey noted that systemic incentives lead to centralization, complicating the decentralization of mining.

Addressing the Issue of Centralization in Bitcoin Mining

Ocean Mining: The Key to Decentralization of Mining

Dorsey stated that Ocean Mining represents a solution for the decentralization of mining. It aims to restore a decentralized mining process, enabling miners to create blocks independently of mining pools. Dashjr highlighted Ocean's methods for a more transparent and efficient mining process.

Bitcoin Mining in Africa and the Developing World

Dorsey also pointed out the possibilities of Bitcoin mining in Africa and developing countries. He introduced initiatives like Gridless, which utilize renewable energy sources for mining while also providing electricity to local communities.

Dispelling Myths about Bitcoin Mining

Dorsey focused on clarifying misconceptions about mining, emphasizing the importance and energy efficiency of the process. Dashjr emphasized the importance of running full nodes for network security. Dorsey concluded the discussion by highlighting the need for more use cases of Bitcoin, particularly in the areas of remittances and as a store of value.

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