4 ms·

Banning mining = good. Waste of resources. Banning trading = bad. The motivation being loss of control.

• commandlinefan 6y ago
  Shame that we can't convert, say, jogging or bicycling into BTC mining.
  • orbdrode 6y ago
    I've been thinking about this kind of idea lately. Isn't this technically possible? I keep wondering, why do we need to mine all the bitcoins now? Could we not take our time and mine using more sustainable methods? I once met someone with a small solar panel attached to their backpack. It was able to charge a phone a bit. What if that mined? What if a fraction of energy created with solar or even a stationary bicycle rigged up to generate a small amount of electricity could mine? Seems like creating power is more valuable than using a utility. Is it theoretically possible?
• ArkanExplorer 6y ago
  Banning mining alone is unenforceable. All of the other aspects are required. Ultimately mining becomes uneconomical when the price of the coin falls. As such anyone who wishes to 'ban' mining should also aim to reduce the price of the coin as much as possible.
  • exabrial 6y ago
    good point. I guess banning "mined" currencies and the trade of "mined" currencies is what should be desired