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A comment on Why Bitcoin is worse than a Madoff-style Ponzi scheme. Parent comment

Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by brightstep on Wednesday December 22, 2021 @08:41AM (#29649136)
Governments could destroy crypto if they wanted. See China as the most obvious example. A novel technology doesn't stand much of a chance against men with guns.
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by ashwagary on Wednesday December 22, 2021 @10:59AM (#29651012)
They can't destroy it, a lot of miners in China continue mining using vpns and proxies.
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by anovikov on Wednesday December 22, 2021 @11:26AM (#29651414)
Well, you can't mine using VPN or proxy because you can't conceal multi-megawatt power consumption that it takes. Prohibition of mining is simply about consumption of electricity which suddenly became in short supply.

Crypto is not banned in China and it is not bannable. Mining of course, is.

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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by ashwagary on Thursday December 23, 2021 @07:58PM (#29668638)
You can absolutely conceal energy usage, especially in places where large scale manufacturing takes place.
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