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If even authoritarian China can't effectively ban bitcoin mining, https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitcoin-mining-hub-as-miners-go-underg
by anonporridge 4y ago
If even authoritarian China can't effectively ban bitcoin mining, https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitcoin-mining-hub-as-miners-go-underground.html https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitc..., I don't have a ton of hope for the US to succeed where they are actively failing. Though perhaps the hammer simply has not yet been forcefully swung.
Like what we saw with drug prohibition, bans that can't be enforced and defy the will of a sufficient number of people tend to backfire in the form of nurturing organized crime and a general decrease of trust in the government in the population.
Good governance needs to be careful to not declare bans it can't enforce.