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by wonderwonder 2694 days ago
I see the scenario playing out like this. Majority of nations declare the new Iranian crypto illegal, thus anyone mining it is guilty of sanction violations. They then crack down on all people mining it. They should be able to locate the majority of those computers relatively quickly. Most countries would quickly follow suit as they don't want the US to accuse them of sanction violations. Then the only people mining and maintaining the block chain reside in Iran. The new crypto currency is effectively dead at that point.