Quote from: jellylily on Today at 01:11:27 AM

Sorry for the noob question but if the mining goes on outside of China, isn't that a good thing? At the very least, there is the semblance of law and business rights.

Yeah, at least there is no single country that has the total monopoly of bitcoin mining. If I'm not mistaken, China or at least the Chinese miners control 60%-70% of it.

Quote from: jellylily on Today at 01:11:27 AM

Also, if China bans mining, wouldn't that increase the scarcity?
Again, not a veteran. Just wondering why the negative sentiment?

Not really increase the scarcity, the hash rate might fall, but when some entities pick up mining outside of China then we can go back to the normal rate.