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Try banning ₿itcoin? That’s basically a joke now.

Not bitcoin, but asics that secure all that hashpower you were throwing around.

Consider the ongoing environmental policy attack on bitcoin right now. All it would have to do is taget ASIC manufacturers and tax at that level, or imports of specialized equipment like asics. This is not replicatable for cpus.

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Discussion

Paul 2y ago

The difficulty adjustment will adjust. Hell, if we have to hash with pencil and paper, it will still work. 🤣😂

Cyber Seagull 2y ago

So if asics are successfully banned bitcoin just goes back to cpu's once the difficulty adjusts. I see, that could be.

Paul 2y ago

In theory, yes. That was just one of Satoshi’s genius moves.