THE NEXT GENERATION OF BITCOIN MINERS NEW INNOVATION
In the next ten years, Bitcoin would hard gain massive adoption and many smart people in the world are developing of chain but what the crypto world need right now is policy for it reach this massive adoption. Joe Biden talked about crypto in his executive orders that he wouldn't make it illegal but is also a concern about climate change. Bill Hagerty who is a senator in the US dropped a two page bill that would make stablecoin legal. I think it a brilliant idea that it is two page bill because every Senator can read it. What the bill is about it having an audit on stablecoins with underlying security whether USDC, BUSD, USDT or any other stablecoin. Here we have senator that wants to do business.
Institutional investors want to dive into the crypto world but can't because there is no regulation. If stablecoin is backed by the US dollar, it will because the reserve currency of the earth. It is not necessary for the federal to right code because it not have job, let the private sector develop these stable coins. In the Bitcoin mining industry, they get carbon neutral by buying carbon offset. The problem with carbon up set is that the track error is so big that no public auditor will sign off on those statement. The public auditor will sign it at the risk offside with the SEC. If the SEC adopt that policy, that is very bad for Proof of Work and Bitcoin mining.
The Bitcoin mining for the earth because the next generation of Bitcoin miners are starting to work with energy that doesn't that does not require carbon which is hydroelectric, nuclear power, wind and solar. The drive to do so with Bitcoin is so economy in value that it will they will go ahead the next generation machines. The future of Bitcoin mining will be developing mining power for the communities why they mining coin an ethical way.
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