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Earlier quoted context omitted.
That's right, but those who are invested in crypto really want everyone to invest too.
That's true for all types of investors
I'm sick and tired of everything being a narrative manipulation op.
China bans your crypto as illegal, while preparing their own national crypto chain(s). Sweden too right? US Fed in the mix with their own plans. "big thieves hate little thieves"
It's a way to move capital out of the country. Bad. China is trying to prop up domestic stocks and investment. Crypto blunts that effort. Moreover, following or reclaiming the money is difficult, slow, and sometimes impossible. Very bad. Crypto is probably something that the NSA can headshot and easily kill your cottage industry. Also bad, but to a much lesser degree than the capital flight.
How is this actually enforceable? Anyone with internet and power can mine. Could they firewall the entire bootstrap IP list for Bitcoin mining?
I mean, yes that would be one way. But apart from that, they don't need to find every last one. Nobody cares about a miner making $0.5 per day on their GPU. The target is the big mining farms drawing multiple megawatts of electricity and you can just ask the power company for the address of anyone using that much electricity. There can't be _that_ many of them, so just visit them all and see if they are running a legit power-intensive business like a metal foundry or if it is a crypto mining farm.
And the anti-cryptocurrency sentiment I've seen all over HN --- which appeared suddenly a few months ago --- is totally organic, right? I'm sick and tired of everything being a narrative manipulation op.
And the anti-cryptocurrency sentiment I've seen all over HN --- which appeared suddenly a few months ago --- is totally organic, right? I'm sick and tired of everything being a narrative manipulation op.