RE: Bitcoin and Institutional Money, CME updates, Shorting Bitcoin, China ban mining?

You are viewing a single comment's thread from:

Bitcoin and Institutional Money, CME updates, Shorting Bitcoin, China ban mining?

in bitcoin •  7 years ago 

How possible do you think a complete ban on mining could be? What will that mean for bitcoin?

bitcoin
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    I think it is very possible, but not probable. Holding a lot of hash rate does give China an edge and it provides income to its people. If they banned it, bitcoin will suffer short-term because not enough miners to clear the transactions but others will pick it up quickly. In the long run, I see no real effect.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00