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It seems like competent government would put a crypto-ban as part of the climate accord. If you look at this from bullish bitcoin perspective, the large energy
by frankbreetz 6y ago
It seems like competent government would put a crypto-ban as part of the climate accord.
If you look at this from bullish bitcoin perspective, the large energy use is good for the climate as it will make people invest more in cheap renewable and this innovation will spread around. I find this argument to be tenuous at at best, but lets say it's true. It doesn't matter, what matters is that people view as an environmental problem and there is a perfect avenue to globally ban PoW, and even ban any crypto that use PoW, in a way the most people will go along with and view as helping them and not squashing the people's financial liberation or whatever we are calling it this week.
Some countries may not go along with this, I think Pakistan and some others, but if enough large countries(It's easy to see China, EU, USA, all jumping on board) say we are not doing this BTC will be pushed to the fringes and easy to be manipulated by state governments.
At least this is what I would do if I were a government official who was actually worried about crypto challenging the governments power, but must governments do not seem too worried about it.