4 ms·
This doesn't answer the concern, it just downplays it.
by Regnore 4y ago
This doesn't answer the concern, it just downplays it.
- livueta 4y agoWell, consider the distribution of global btc hashrate by country over time: https://ccaf.io/cbeci/mining_map https://ccaf.io/cbeci/mining_map Editorialized: https://cointelegraph.com/news/china-returns-as-2nd-top-bitcoin-mining-hub-despite-the-crypto-ban https://cointelegraph.com/news/china-returns-as-2nd-top-bitc... Even a fairly authoritarian society with strong incentives to crush cryptocurrencies (https://www.marketplace.org/2021/05/20/chinas-crackdown-on-cryptocurrency-is-likely-a-way-to-maintain-economic-control-experts-say/ https://www.marketplace.org/2021/05/20/chinas-crackdown-on-c...) wasn't able to get hashrate, much less usage, to anywhere close to zero. I guess I'm curious: what levers do you figure Western societies could deploy that'd be more effective than the Chinese approach? From my perspective, this state of affairs is a decent existence proof that fully eliminating cryptocurrency use is difficult even with access to authoritarian methods. nb: above links don't include 2022 data and I couldn't quickly find that, so if that data affects the quality of the above argument I'd appreciate the correction
- yosame 4y agoI like a lot of Scott 's writings, but this is a bad habit of his. If there's a point that contradicts his own, he'll pretend to address it while actually just skipping over it/downplay it's relevance.