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.