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What about mining? We regulate gold / silver mining. Why not crypto mining? It consumes more energy than the gold or silver mining industries. https://coincentral.com/bitcoin-mining-trumps-gold-mining-en...

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That's not going to stop organized crime or states that want to leverage influence over Bitcoin. Regulating the mining of physical materials is easier because governments can directly control the mines and regulate shipping and industries, etc. But even then, mining is full of cartels, slavery and blood money.

Unfortunately, I think the only thing that's going to stop Bitcoin mining is the laws of physics.

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