Hacker News Reader

The entire point of cryptocurrency is to be money that is independent of any government's ability to enforce its laws. I would personally vote against polticians who enacted those kinds of regulations; and if they passed anyway I would attempt to mine and use cryptocurrency in ways that circumvented the regulations banning me from doing so.

View on HN

>> The entire point of cryptocurrency is to be money that is independent of any government's ability to enforce its laws.

Thats exactly correct. The killer app for crypto is criminal enterprise. Yes there are other niches, but nothing that would sustain the industry.

Passing a regulation regarding mining would be difficult to enforce. It's impossible to know what a GPU inside the data center is doing.

At this point the industry is legit, even promoted by individuals in govt (who overtly sell access (cough bribe) using it. So no, you don't need to worry, there's no risk of regulations like this anywhere soon.

Reply on news.ycombinator.com