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How much supply and block size increase will Elon's S3X initiative add to Bitcoin?

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We've seen this before. A group of elites and / or miners get behind an idea to change consensus rules to "fix" all of the bugs in Satoshi's implementation.

If they genuinely just want to talk about how to use different sources of energy, wonderful, more power to them (though, this ends with government lobbying and basically new legislation making it illegal to mine bitcoin in your own home with your own miner if you're just a regular person. Just realize that's where this is going. Like every other wonderful regulation it's designed as a barrier of entry so that only a specific group get to mine these bitcoin because they're mining "responsibly" unlike us lower class folks )

We saw this kind of takeover attempt with the New York Agreement and remember when S2X futures were trading at something like $2k before the chain had mined its first block?

A wealthy interested few making consensus changes is very bad. It will end in a hard fork and it will divide the community, again. Thankfully Bitcoin always survives and so far these events have only strengthened it so far. But there's no guarantee these elites don't cause a TON of damage in their wake. We've already seen what the Alon effect has been in the past weeks.

Big names of influential people can help get fomoing celebrity followers into the space,, it is a part of adoption but it's not a part of healthy organic growth. Let them make their changes to the meme coins and let's reject Alon trying to claim Bitcoin as his own.

submitted by /u/foxbat56
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