Many great things are banned, censored or restricted in China. If China wants to shut down mining activities, miners will go somewhere else and it is a good thing for Bitcoin.

Just to name a few:GoogleYoutubeFacebookWikipediaRedditNetflixInstagramWhatsappSkypeQuoraWinnie the PoohAlice in WonderlandEven though these things are banned in China, they are thriving in the rest of the world.If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised, power-obsessed regime. China can play with its digital yuan.

Submitted June 21, 2021 at 05:47PM