Post
Topic
Board Bitcoin Discussion
Re: The Life Cycle of Bitcoin
by
TangentC
on 07/06/2021, 22:09:30 UTC
But, I didn't understand what you depicted in the above post. Has there ever been a scenario that only BTC is banned in a country and altcoins allowed to flourish?
Though BTC is the mother of cryptocurrency but special interest has never been taken on her during bans. It is always said "we ban Cryptocurrencies " and not we ban "Bitcoin ". It therefore means that where ever bitcoin suffers, altcoins suffer too vice versa.


Normally, but the current mining bans are bitcoin only ,
and only Bitcoin is receiving the bad PR.

China , Iran , and New York have banned bitcoin mining,
they have not banned any Proof of Stake from staking,
and to be honest PoS coins use so little power , they can't be tracked by power usage.
So staking is next to impossible to stop, and can even be run from a VPS in a country where it is acceptable.

But this movement to ban only bitcoin due to it's energy waste is growing.
https://www.treehugger.com/ban-bitcoin-5094352
Quote
Make Bitcoin carbon neutral with renewables or credits, or ban them.