Biden "quietly" trying to "destroy crypto".
Now, whats hilarious is, what he plans to do to "destroy crypto" Is not going to destroy crypto. It's just going to make MINING in the USA a harder proposition to be profitable... this only hurts America and Americans. China and Russia will dominate the BTC network mining power and will earn all of the profits from it.
Meanwhile the entire world will still be using it, as well as Americans.
This measure has absolutely zero ability to "destroy crypto". This is purely a ploy to hurt Americans, and only Americans.
And whats even better? Trump is supporting Bitcoin and crypto. Calling it a valid currency and that he won't try to hamper it.
So I ask everyone in the back of the room... Do you still think bitcoin is not part of the plan, or are you starting to see what I and many others on here saw years ago... that Bitcoin is likely going to be what replaces the current system... and that new system takes all control away from the Fed and Govts.
The other question I have in mind is:
If miners have to pay a 30% tax equal to 30% of the electrical cost... Does that negate the tax they already pay on their gross profits from mining itself?
Because if it does... then it actually will have almost no negative impact, might even make mining more profitable in America than it is today.