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A comment on BTC Hashrate dropped another 27% down ~62% form peak now at 2019 levels. Parent comment

Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by haasted on Monday June 28, 2021 @08:23AM (#27660929)
The ability to tax all residents and companies of the US?
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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by pygy_ on Monday June 28, 2021 @08:42AM (#27661148)
Yes, the value of USD value is proportional to the power of the US government (and its judiciary/police/army)... The power to let the private sector flourish, mainly.

The value of Crypto comes from the decentralization (no need for trusted third parties), and is proportional to the hashing power of the network. Upstarts can easily be 51%ed by an incumbent with a large mining infrastructure of the same kind... But this holds as long as people with destructive power let them run.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by jermaustin1 on Monday June 28, 2021 @09:28AM (#27661680)
AND US citizens and nationals no matter where they are in the world.
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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by ldiracdelta on Monday June 28, 2021 @08:40AM (#27661104)
Plus the ability to take away their assets if they don't comply.
[ Parent | on HN ]