Honestly I wish this wasn’t driven mostly by get rich traders. They give two shits about how the system should be working. Honestly price should continue to head down as the whole idea of bitcoins worth is at jeopardy(decentralization). It should be nearing 0$ per bitcoin. Bitmain owns entirely too much of this space. The only way to remedy this situation is for all devs to stand together for the betterment of mankind. Not their own personal wealth. EVERYONE! If we just all walk away and ignore them what power do they have? ZERO! If we all succeed we all do better. When the money lies in only the hands of a few well it don’t take a long look at history to see how that plays out. Def a turning point for me whether this whole thing is a bust or will make it.
How do we walk away from their mining power??
Even if everybody stopped buying their stuff, they still make the best stuff..... So this seems like a catalyst for what they already have in motion.
Bitcoin will eventually die. Every form of currency every existed has/will off. Democracy didn't completely remove consolidation of power. It did improve the situation.
Bitcoin has to be taken not as a panacea but as a guideline with which new ideas can be developed.
This is not written in disagreement with you, it's intended to be a cheerful but firm reminder. Read the myth of Sisyphus. Remember, life is gritty, and the same problems are going to come back again and again. We can't control the repetition, but we can control our attitudes. We can move fwd with a sense of internal competition. Take things one step further. Do things a little better than we could do them last time.