Quote from: muddy waters on September 05, 2018, 06:49:53 PM

Quote from: smathjon1234 on March 19, 2018, 02:00:52 PM

:)Countries are divided into 3 groups: those who ban bitcoin, those who will regulate it strongly and those who will give complete freedom to development. The second and the third groups us well be satisfied with. This majority. It's enough to survive.Therefore, it is not necessary to look for negative outside of us. ;

Anyway, if you are a citizen of a more or less developed country, nothing can stop you from moving to another country where the rules are exactly as you want.
I know that Canada encourages the flow of new migrants, moreover, it has one of the cheapest fees for electricity, so it might be a nice place to be a fan of bitcoin.

Moving to a different country is a lot of work and not everyone is ready for that. A person who used to live in a third world country may be a millionaire and is living the life in their country but when they finally move to Canada, things can be different. The expenses are a lot more compared to how it was. The world's cheapest electricity as of now is in Mexico according to this article. You have to compute all the expenses. Will it be worth the cheaper rate? How much would it cost to move to a different country? How much would it cost to rent a building and would there be stocks of the GPUs that you're going to be mining with? There's a lot to consider and you can't just simply move abroad and then figure out once you're there. I, myself, is considering moving to another country (for other reasons outside crypto) but I haven't had the time to analyze it and find if it is indeed feasible.

I can only imagine how much money someone has (for capital) to be ready to move to another country just to mine bitcoins. Take note that it's a cold country as well so ventilation cost is lowered.

Quote from: Florian Lowe on August 08, 2018, 08:33:42 AM

The crypto market is always a promising but high risk market. And the government does not want to risk it

I agree. It will greatly affect the economy of one's country if the majority of their money has been converted into bitcoins. Of course there's also the tendency for bitcoin's price to skyrocket and that will make their economy grow, but the government just don't want to risk it. It's a good move to me as it changes nothing. Zero risk, zero gains, zero loss.