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Governments could destroy crypto if they wanted. See China as the most obvious example. A novel technology doesn't stand much of a chance against men with guns.
by brightstep 5y ago
Governments could destroy crypto if they wanted. See China as the most obvious example. A novel technology doesn't stand much of a chance against men with guns.
- ashwagary 5y agoThey can't destroy it, a lot of miners in China continue mining using vpns and proxies.
- anovikov 5y agoWell, you can't mine using VPN or proxy because you can't conceal multi-megawatt power consumption that it takes. Prohibition of mining is simply about consumption of electricity which suddenly became in short supply. Crypto is not banned in China and it is not bannable. Mining of course, is.
- ashwagary 5y agoYou can absolutely conceal energy usage, especially in places where large scale manufacturing takes place.
- thereyet 5y ago