Quote from: Aanuoluwatofunmi on February 11, 2023, 07:16:44 PM

Quote from: KiaKia on February 11, 2023, 06:53:13 PM

Isn't the ban on staking in the USA supposed to be bullish for bitcoin and other proof of work crypto projects?

How is that supposed to be, they ban bitcoin or not isn't a determinant for its adoption since it's a decentralized network that works with the blockchain technology, there are no other proof of work that is recognized aside bitcoin, other cryptocurrencies were PoS as long as they were centralized, other crypto projects uses smart contracts and the likes but bitcoin mining is basically strict on PoW.

I assume the OPs logic is that money will flow out of "banned" cryptocurrencies or at least the action of staking in cryptocurrencies that have this feature, meaning that money will flow back into Bitcoin, as it is not a staking coin. This logic is sound to me Cheesy