Even if banning PoW were agreeable on logical grounds (ie, overcoming the arguments of the sibling comments to this one), is there any reason to believe that su

Even if banning PoW were agreeable on logical grounds (ie, overcoming the arguments of the sibling comments to this one), is there any reason to believe that such a law will: * Reduce trade * Reduce value * Reduce carbon use? Is there a case ever where an illicit market found a price equilibrium which was lower than the licit one? And, if such a ban does cause the price go up, won't the same incentives cause continued mining competition?