Ridiculous. First, try to imagine the form this ban would take. Think about the specific language required to abolish proof-of-work computations without kneeca

Ridiculous. First, try to imagine the form this ban would take. Think about the specific language required to abolish proof-of-work computations without kneecapping the foundations of modern cryptography. I have yet to see anything remotely specific and plausible. Second, let's say said language can be constructed and that it threads the proverbial needle. Who cares? Its effect on Bitcoin would be to drive mining to other political jurisdictions. But electricity costs and political actions have been doing that for years now. If anything, a successful ban would merely further distribute proof-of-work mining around the globe and among clandestine operations within countries that have "banned" it. By making proof-of-work untenable at scale, governments will have only succeeded in setting Bitcoin back on its original path - greater distribution of hash power across a greater chunk of the world's geography and political boundaries.