Oddbean new post about login | logout Govt imposes 30% tax Public miners can't survive Hash rate plummets Asic fire sales Plebs buy everything up Mining becomes more decentralized More coins become no KYC Govt collects even less tax now, hfsp W
Sorry, stupid question... wont the miners just move somewhere else?
Don't think so, most of these guys can't survive without wall St buying their stonks
Yes, they will and some are already setting up in different jurisdictions. Socialism is a wonderful thing, it ultimately destroys itself
Everything is good for Bitcoin. My 200 IQ take is: 30% tax on energy bought. Miners have to get free or cheapest energy to stay profitable. Miners focus hashpower at renewable energy sites or to help grid stability. American mining becomes resilient and distributed. This is bullish.
I had thought I saw some language being shopped around that mentioned taxing miners even if they are producing their own energy (i.e. not buying it from grid operators) 🤔 Perhaps I misunderstood tho
How many asics will this hold? lol https://m.primal.net/HkKW.png nostr:note1cvj4qhl38jsh2tfwm3qnhsfsd9fk6xlmwd8572fdd8xwjgyu589qr8kged
Home mining banned?
I can't see how they'd manage to pull that off. Can't stop me from running a computer on my network..
They've banned rainwater collection in several states, so remember COVID and take it from there. That's how, I'm not saying they'll ultimately be successful.
The government is not poor enough until they're rendered powerless.
I think 'authorities' understand this, but the more Central Government tries to attack or slow #Bitcoin, the faster it will be adopted. Some say Bitcoin can still be stopped. I don't think so. Your post is exactly what would happen - and mining would be more diversified than ever. BUT - I don't see it happening - this is targeting an industry. Politicians are stupid and make some very stupid decisions, but going after industry that can EASILY move to other nations (or go underground) would be the ultimate stupidity.
LFG
centralization cant win
