Govt imposes 30% tax
Public miners can't survive
Hash rate plummets
Asic fire sales
Plebs buy everything up
Mining becomes more decentralized
More coins become no KYC
Govt collects even less tax now, hfsp
W
Sorry, stupid question... wont the miners just move somewhere else?
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Don't think so, most of these guys can't survive without wall St buying their stonks
Interesting thanks!
Yep. Fully leveraged into oblivion now, all of them 👀
Yes, they will and some are already setting up in different jurisdictions. Socialism is a wonderful thing, it ultimately destroys itself
Correct.
Socialism is dumb resource allocation.
Capitalism is smart resource allocation.
The point of globalism is to consolidate the jurisdictions
This is basically a less extreme version of what China did right?
