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RE: Bitcoin and Institutional Money, CME updates, Shorting Bitcoin, China ban mining?
How possible do you think a complete ban on mining could be? What will that mean for bitcoin?
How possible do you think a complete ban on mining could be? What will that mean for bitcoin?
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.