Re: Why haven't governments attacked Bitcoin miners as unlicensed auctioneers?
Why haven't governments attacked Bitcoin miners as unlicensed auctioneers?
Your question reminds me of one of the sources I once read about: Is Bitcoin Mining Legal?My understanding is there are many reasons a country does not legally attack Bitcoin miners, one reason that is interesting to me is:
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With a lot of news (and confusion) around the energy used to mine bitcoin, you might think more countries are looking to ban it. In practice, introducing a ban is difficult. Making mining illegal would mean that a government decides that people are not allowed to use their computer and energy for a specific computation known as a hash function.
Such a ban is not only difficult to enforce, it also sets a precedent to regulate what else people are not allowed to use their electricity or other sources of energy on.
Such a ban is not only difficult to enforce, it also sets a precedent to regulate what else people are not allowed to use their electricity or other sources of energy on.
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In most countries, it is legal to mine Bitcoin. We have visualized the status in the map below.
It’s not surprising that mining is mostly legal, as Bitcoin’s use itself is, too. There are no countries in which mining is illegal, but Bitcoin itself is legal. Thus far, the two are always paired.
It’s not surprising that mining is mostly legal, as Bitcoin’s use itself is, too. There are no countries in which mining is illegal, but Bitcoin itself is legal. Thus far, the two are always paired.
I think these two reasons are legally and legally Bitcoin miners can be said to be legal, even though there are some countries that do things that are detrimental to themselves after expelling miners and saying they are illegal.