9 ms·
That would just make miners move somewhere with more favorable regulation and taxation, and nothing would change. Funny how taxes work
by toenail 10mo ago
That would just make miners move somewhere with more favorable regulation and taxation, and nothing would change. Funny how taxes work
- hackable_sand 10mo agoWhat do you mean nothing would change? What does "That would just make miners move" mean to you?
- toenail 10mo agoMining is one of the most mobile industries on the planet, see what happened when china "banned" mining, they all just moved somewhere else (or kept mining in secrecy). If it's in the US at least it can be regulated.
- danny_codes 10mo agoAnd then we wouldn’t be wasting time and energy on it. Someone else would be. Seems like a net win for us, since the entire industry produces zero value. This is like lamenting the departure of the industry of digging holes and filling them in again.
- toenail 10mo agoAh, the old bitcoin has no value to me, so it can't be valuable for anyone else argument.