The government still wants to make a profit from crypto mining and crypto trading, not directly possible, but still. Therefore, crypto is still not banned everywhere.
Yes mate you are absolutely right because governments and central bank 🏦 want to make profits but mining non Profits,so government ban Mining but it possible to ban mining but fully impossible to ban Bitcoin at all. 
Topic: Miners and btc and government (Read 145 times)
And if mining is banned? Does it mean Bitcoin mining will automatically stop? No, mining won't stop. What will probably stop, but only temporarily, are those operations of mining farms. Individual miners will continue to mine. And those huge mining companies will just hop from one country to another. There is always a nice place to move.
Don't imagine things and be terrified of those. You are creating an impossible scenario and then emotionally react to it.
Don't imagine things and be terrified of those. You are creating an impossible scenario and then emotionally react to it.
Yeah, it's not like all government will try to ban mining, and even if some government try to ban mining, there are still so many ways out of that. People won't just stop and give up just because the government told them so, they will surely find another ways, since mining is also so profitable for them, of course they won't let it go. We also really need mining, so of course people in this cryptocurrency world will try to find a way, don't need to worry.
Government Cant ban btc but they can ban btc mining.
And I Don't have Control over government decisisions.
And I Don't have Control over government decisisions.
No, they can't. They can ban large mining farm of course since they are easy to find/track due to large amount of energy usage but they can not ban small miners. Remember, back in the early days of Bitcoin and PoW coins in general, you mined coins on your home computer with some mining sticks. Basically, it is good for average joe if big mining farms are banned. Whether it is beneficial for Bitcoin and its stability is another matter.
Government Cant ban btc but they can ban btc mining.
The question is how do you enforce a ban? The few places are are attempting to ban it seem to be relying on a tactic where they offer rewards to people for being informants and providing information on who is mining. Much like how people still run grow-ops and marijuana farms in many places, despite the fact that they're not supposed to. Getting caught will just be seen as an operating cost by many. Just because something is illegal, doesn't mean everyone stops doing it.
For that reason im out
Does that mean you'll go away now?
And if mining is banned? Does it mean Bitcoin mining will automatically stop? No, mining won't stop. What will probably stop, but only temporarily, are those operations of mining farms. Individual miners will continue to mine. And those huge mining companies will just hop from one country to another. There is always a nice place to move.
Don't imagine things and be terrified of those. You are creating an impossible scenario and then emotionally react to it.
Don't imagine things and be terrified of those. You are creating an impossible scenario and then emotionally react to it.
the government will always be looking for ways to stop bitcoin mining, citing a waste of energy ''
Bitcoin miners are also looking for ways to trick the government into mining bitcoin, while their buyers and sellers do, to make a profit.
although bitcoin is full of controversy but it is the most sought after ...
Bitcoin miners are also looking for ways to trick the government into mining bitcoin, while their buyers and sellers do, to make a profit.
although bitcoin is full of controversy but it is the most sought after ...
Government Cant ban btc but they can ban btc mining.
And I Don't have Control over government decisisions.
If im the investment banker you as the Satoshi Come to me asking money for your business.
Well its a risk If government Will ban all the Mining operations then I have no Control over funds.
Its Not just volatility of btc whats risky but also the Mining issue.
For that reason im out its just not sustainable.
And as rational business decisisions btc is not Good investment by rational business decisision.
And I Don't have Control over government decisisions.
If im the investment banker you as the Satoshi Come to me asking money for your business.
Well its a risk If government Will ban all the Mining operations then I have no Control over funds.
Its Not just volatility of btc whats risky but also the Mining issue.
For that reason im out its just not sustainable.
And as rational business decisisions btc is not Good investment by rational business decisision.
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