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A comment on Ethereum will use around 99.95% less energy post merge. Parent comment
Not really. It wouldn’t stop, but it would decline substantially.
Smaller operations and hobbyists only participate because it’s worth money to do so.
Making Bitcoin illegal would kill the argument that it will eventually displace fiat, and relegate it to being used only for illegal purposes.
The incentive to mine a currency that can only be used for crime as a hobbyist would end up being low.
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Not really. It wouldn’t stop, but it would decline substantially.
Smaller operations and hobbyists only participate because it’s worth money to do so.
Making Bitcoin illegal would kill the argument that it will eventually displace fiat, and relegate it to being used only for illegal purposes.
The incentive to mine a currency that can only be used for crime as a hobbyist would end up being low.