What is wrong with playing whac-a-mole? The fact that we can't whack every mole doesn't mean we can't whack some of them. A targeted ban can eliminate Bitcoin m

What is wrong with playing whac-a-mole? The fact that we can't whack every mole doesn't mean we can't whack some of them. A targeted ban can eliminate Bitcoin mining entirely rather than just reduce it and can do so without much effect on uninvolved people. I can think of no market-based approach that can do that. If the markets were rational, no money would have been invested in Bitcoin mining in the first place.