Re:Bitcoin mining hash rate drops as blackouts instituted in...
by papito on Tuesday April 20, 2021 @07:54AM
(#26873366)
Because the government cannot afford the resources to untangle it all, and the rich can afford the lawyers to exploit all the loopholes, and cover the tracks after little white-collar crime "indiscretions". Who funds the lawmakers who make the tax laws? Ah...
Myself - I pay my 28%. No loopholes.
Bitcoin mining has outgrown this stage. It's more like companies, now.
> the people who mine Bitcoin don’t like governments very much, and wouldn’t cooperate with a government-imposed Sybil attack...
Early Bitcoin proponents don't like governments much. Chinese miners are another story. They see a business opportunity and have no interest in losing social credit points or, worse, going to a labor camp.