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If every country in the world AND the UN "banned" cryptocurrencies, there would still be POW.
by bitxbitxbitcoin 5y ago
If every country in the world AND the UN "banned" cryptocurrencies, there would still be POW.
- rspeele 5y agoIt's all about how much work the reward pays for. At current Bitcoin prices of around $43k, the block reward pays miners $14,125,500,000/year to spin ASICs all day. That kind of money buys a lot of wasted power. If PoW is still around, but the price dumps low enough that miners are only burning, say, $1,000,000 a year worth of power, that'd be a great improvement.
- thehappypm 5y agoSure, but if no American, Canadian, European, Chinese, Japanese, etc person is willing to use it, then what's the point?