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> Meanwhile, the nation’s economic planning agency said it is an urgent task for China to root out crypto mining and the crackdown is important to meet carbon g
by alex_suzuki 5y ago
> Meanwhile, the nation’s economic planning agency said it is an urgent task for China to root out crypto mining and the crackdown is important to meet carbon goals.
Of course they want to do it for the CLIMATE. Not at all because they can’t control it. Hypocrisy at its finest.
- ejanus 5y agoLooks like their economy is experiencing winter.
- throwaway4good 5y agoTheir economy is only of the major economies that has come unscathed (in terms of real growth) through the pandemic. My guess is that is why they feel emboldened to do these major moves. Also I think they foresee a major contraction in asset prices when global monetary polices starts tightening and are trying to get ahead of that.
- philliphaydon 5y agoWe can only guess that’s the case. Because they have lied throughout the entire pandemic we really don’t know what the effect of it has really had.
- TechBro8615 5y agoGood thing it’s only their economy and definitely won’t spread everywhere else! Kind of like that virus they had in Wuhan… that was a close one.
- Asraelite 5y agoOut of curiosity, have they made an official statement on how this holds up for proof-of-stake currencies?
- Proven 5y agowhich part of "all crypto-related" do you not understand? (I should refer you to certain parts of TFA but let's go with the title alone, maybe hoping you've tried to read the title isn't too much to ask?)