Quote:
Originally Posted by ninjacookies
One of the pitfalls of a distributed network. Impossible to police anyone and everyone securing it, since they span virtually every crevice of the globe. I could see this being a genuine concern in terms of future taxation increases. But you simply can't stop it on a grand scale. China's threatened countless times, yet their citizens continue finding ways to circumvent the system. I mean, over 1/5th of all btc mined still reside there despite the CCP's efforts.
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I won’t try to predict how regulation / crack down by western countries would be practically executed… but I’ve got some hunches at potential actions, and it feels like it could lead to material switching.
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