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Is this bearish for Bitcoin because it reduces the legitimacy of the currency or bullish because it reduces the supply?
by Bostonian 5y ago
Is this bearish for Bitcoin because it reduces the legitimacy of the currency or bullish because it reduces the supply?
- CountSessine 5y agoWith that much computing power taken out of the network, how does this affect the network’s ability to even make a quorum?
- throwkeep 5y agoA crackdown on miners in China would radically reduce the carbon footprint of Bitcoin mining, increase the profitability of all the remaining #Bitcoin miners, reduce nagging China FUD, support progress toward our ESG goals, & drive up the value of $BTC. We should be so lucky... https://twitter.com/michael_saylor/status/1395794942295953410 https://twitter.com/michael_saylor/status/139579494229595341...
- nicbou 5y agoWouldn't it reduce its credibility as a currency or value store if it slowly gets regulated out of relevance?