Miners have a vote but no voice. In networks as well established as bitcoin they’ve certainly found unofficial means of communication between themselves, but this is more of a problem than a solution.

In bitcoin there’s no 'official' means for communication prior to forking the chain, and the system was intended to be such that anyone with a CPU could mine and hence vote on software upgrades. Inevitably power (mining power specifically) has been concentrated and this has created an oligarchy.

In 'The Blocksize war' Jonathan Bier describes how this oligarchy split into two factions and began to communicate and even build strategies to handle the political power struggle.

This is not ideal. Ideally the communication would be as open and transparent as possible. If agenda’s can be hidden, they will not keep the general public’s best interests at heart.

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DAO’s are the only way out of this mess.

You can’t have money without politics. If you refused to build structure you build the perfect opportunity for dictators. In a scenario with hyperinflation food is extremely expensive. We need to decentralize the decision making bodies…the authority of the nation state should be divided among county sized areas (an area small enough to navigate in a day on a bike)

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The Bitcoin space is not meant to be evaluated every 6 months. We are building better money…This will take decades.

Zoom out then chill out.

Bitcoin Maxi’s are generally using the current market as an 'end state’…as in the decisions have been made, the development is complete…and Bitcoin is the winner. If you add/insert the words, “…until now" to their statements it helps put it into perspective.

If you’re in Crypto you’re in the right ballpark. Keep learning, stay fresh, and you’ll be a leader in your local community.

Relationships and hence leadership are the most important pieces to put together.

For this reason I’m convinced that the communities that are making decisions together will triumph when things get crazy. If you’re thinking that it’s already pretty nuts…read 'when money dies' or another book about how this has played out in the past…

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Just buy and hold…easier said than done.

A description of the emotional roller coaster that is holding.

It feels like when you’ve made money on an investment you’re a genius, and when you’ve lost money then it’s obviously because you didn’t understand what you were getting into…but is that really true?

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