It doesnt matter how many vidya cards I cant buy, I'll never side with an orwellian government nor her policies limiting what you can and cannot purchase with your own money or do with your own hardware. Nearly every argument for banning crypto mining also applies to nearly any leisure activity enjoyed by nerds.
Yeah, but when those "leisure activities" are the cause of a number of social, economical and environment problems(several severe in nature) it's time for government moderation. It's not Orwellian, not even close(you really need to read and understand the context of that book before you use it as a reference).
Even proof-of-stake seems to be toxic
A conversation RTB and I were having elsewhere motivated me to look into it deeper. As it turns out, these changes are really very positive and will mean that ETH gets to continue on and be profitable, without all the downsides. Not toxic at all. Very logical and prudent actually.
Wow toms. Nice journalism there.
The new "ban" was just a reiteration of the past one. Literally no new laws at all. They literally just said "guys, it's still illegal."
I absolutely loath saying this, but the Chinese gov is right on this one. Cryptocoin is too unstable to be allowed to run rampant. Regulations might have been a better solution, but when you're trying to protect an economy that is already hurting, strong actions are sometimes needed. And for the record, banning financial entities from trading cryptocoin can hardly qualify as "no news at all". This is a serious blow to the cryptocoin market as China is the single largest economy in the world(not the strongest or even richest, just the largest), and a ban in that nation has a huge effect.
