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Why would miners ever agree to that?
by cycrutchfield 7y ago
Why would miners ever agree to that?
- quickthrower2 7y agoBitcoin miners by definition wouldn't. If they did, they are not mining bitcoin anymore, but a fork.
- onion2k 7y agoThe alternative is government regulation eg banning mining cryptocurrencies.
- solveit 7y agoBitcoin was literally designed for the express purpose of surviving that.
- onion2k 7y agoIn the sense that bitcoin miners can 'just' more their operations to mining-friendly countries until there are no more mining-friendly countries, sure. But pragmatically Bitcoin would not survive a coordinated assault on it's legality if enough countries decided it's too environmentally toxic. Plus, there's no reason why Bitcoin should survive. Another cryptocurrency that's much more energy efficient would work just as well, so people could move their money if regulation was likely. It's one of the existisitential threats that Bitcoin faces in the long term.