2 upvotes, 1 direct replies (showing 1)
They can't stop a transaction. At all, not even once. And previous bans alwyas just make people want it more. Banning mining doesn't stop or even slow a block. Not even a smidge. China has banned it many times. All it can do is dent the hashrate for a few months then it comes back even stronger and more decentralized than before. It's easy for miners to relocate. So all these attempts have ever done is signal to the general public that your country is insecure about their currency.
Comment by Fiddle_Dork at 24/11/2024 at 22:40 UTC
2 upvotes, 1 direct replies
The article says "limit". It's quite easy to do. Cut off Coinbase access to banking or prevent cards from being used outside of approved exchanges. The vast majority of people will stay inside the lines
Is it actually easy for miners to relocate? Have you ever been to China? Do you know what life is like there? I have lived there for years and it's not easy. Not anywhere, but especially not China