Remember that time when the biggest bitcoin mining jurisdiction in the world banned bitcoin mining, and the Bitcoin network was like, “lol, hold my beer and watch this”?

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I only remember when the biggest mining jurisdiction banned itself from participating 😂

I forgor 💀

They'll look back at this incident in a few decades and see what an incredible geopolitical blunder it turned out to be.

YES

🤙

“History shows that you can’t insulate yourself from the consequences of other people holding money that is harder than yours”

The most hope-inspiring part is that there's still a good deal of hashrate over there. That people find ways around the ban and manage not getting caught. I live in Sweden and I suspect that the EU will crack down hard on all kinds of freedom tech, given that they have just passed a bill that will give all EU citizens "the possibility" of a digital ID (eIDAS), which isn't too hard to imagine will slowly morph into a requirement, and at the same time require browsers to implement bad security, possibly backdoors, (QWACs), and are in the process of discussing mandating client-side scanning "against CSAM" (Chat Control 2), which will no doubt expand to anything and everything they don't like if passed.

Rest of network:

"So long, and thanks for all the sats"

🐬🐬🐬

I remember. That was when the mempool was regularly flooded with transactions. The big ones also usually preceded a big dump or pump.

After that ban, the mempool has been pretty quiet except for these 2 ordinal printing sessions.

It was delightful 😂

from the picture it looks like china ban was beneficial

a game where all players are winning and non players are not.

now that's a "game theory".

Is there an advantage for this chart to use a linear scale instead of a log scale?

😅😅