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
Discussion
Wackamole
Everything is good for Bitcoin
Yes please
Sorry, stupid question... wont the miners just move somewhere else?
This is basically a less extreme version of what China did right?
Everything is good for Bitcoin.
My 200 IQ take is:
30% tax on energy bought.
Miners have to get free or cheapest energy to stay profitable.
Miners focus hashpower at renewable energy sites or to help grid stability.
American mining becomes resilient and distributed.
This is bullish.
Realistically they just flee the US and start mining on far more dirty energy sources 😕
How many asics will this hold? lol
nostr:note1cvj4qhl38jsh2tfwm3qnhsfsd9fk6xlmwd8572fdd8xwjgyu589qr8kged
now THATS a vision for the future
Good luck getting reelected jackass
Elections are simply stolen when the selected puppet loses.
Oh boy
That sounds perfect
The government is not poor enough until they're rendered powerless.
I think 'authorities' understand this, but the more Central Government tries to attack or slow #Bitcoin, the faster it will be adopted.
Some say Bitcoin can still be stopped. I don't think so.
Your post is exactly what would happen - and mining would be more diversified than ever. BUT - I don't see it happening - this is targeting an industry. Politicians are stupid and make some very stupid decisions, but going after industry that can EASILY move to other nations (or go underground) would be the ultimate stupidity.
₿est Case Scenario
Please! Let this be true
SHHH.
LFG
This an analysis seems about right.
centralization cant win
Everything is good for Bitcoin 🔥