Post
Topic
Board Bitcoin Discussion
It’s kinda strange that media rarely mentions the fact that governments are only
by
MAESTRor
on 25/06/2021, 03:26:20 UTC

1.there is no way to crack down on individual ones: you make ASICs illegal - you’ll have to make GPUs (and eventually CPUs) illegal.

2.it ironically solves claimed environmental problems as well as potential problems with global semiconductors supply

3.even if governments themselves take over mining in order to censor transactions - we can always change hash function (imposing huge losses on them rendering all ASICs useless), which is what I’m pretty sure they quite aware of

Shouldn’t it be all good news? Even banning banks from dealing with crypto is good - they would just turn Btc into glorified stock.

The only problem we have left is media bought out by speculators (buy media - short - repeat) and ProofOfStake-networks supporting “toxic mining” narrative.