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


Wackamole


Bitcoin is like https://video.nostr.build/c7bbe2ceaed2eb33ba175f060438942356fcfb9f956d57bf5b768944ff426a0f.mp4


Everything is good for Bitcoin


Yes please


Sorry, stupid question... wont the miners just move somewhere else?


what is HFSP?


Have fun staying poor


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.


Interesting thanks!


Hype for second phase


Onward 🫡

Onward 🫡


How many asics will this hold? lol

https://m.primal.net/HkKW.png

nostr:note1cvj4qhl38jsh2tfwm3qnhsfsd9fk6xlmwd8572fdd8xwjgyu589qr8kged


now THATS a vision for the future


Good luck getting reelected jackass


Oh boy


That sounds perfect


Home mining banned?


Stay humble and stack sats 🫡

Stay humble and stack sats 🫡


I can't see how they'd manage to pull that off. Can't stop me from running a computer on my network..


Realistically they just flee the US and start mining on far more dirty energy sources 😕


The government is not poor enough until they're rendered powerless.


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.


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.


₿est Case Scenario


Please! Let this be true


SHHH.


Correct.

Socialism is dumb resource allocation.

Capitalism is smart resource allocation.


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


Onward 🫡

Onward 🫡


:Gigachad:


The point of globalism is to consolidate the jurisdictions


LFG


Elections are simply stolen when the selected puppet loses.


This an analysis seems about right.


This is basically a less extreme version of what China did right?


Great post 👍

Great post 👍


centralization cant win


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


Yep. Fully leveraged into oblivion now, all of them 👀


Everything is good for Bitcoin 🔥


Right on!

Right on!


Well... Nobody reads these laws any way 😂