Another thing i was thinking is this, if the highest percentage on hashrate is coming from the US, then the government are taking it hard on them, is it not possible that many of these miners and devs relocate to other l bitcoin enabling region or country like El-Salvador where they could experience a better regulation.
Your thought is appreciated.
When the government is getting strict to a certain industry and company in this industry are capable of moving elsewhere then yes, they will surely relocate to a more appreciating environment with of course cheaper, electricity or create one for themselves.
I agree that this can be a solution for these mining farm owners who want to get out from the grasp of the tight regulation of the government but surely the migration won't be that instance since they have to process everything before the relocation. This way decentralization of the network is preserved.
Imagine people getting scammed because they don't know any better. The majority of it is coming from laypeople who are not really into tech-savvy stuff. Who are they going to blame if not Bitcoin? They didn't know any better, and they should be helped to get back some of their investment. I think this regulation of cryptocurrency is to prevent scamming.
I think it is to control the cryptocurrency in disguise of preventing scams.