Hacker News new | ask | show | jobs
by aerojoe23 1912 days ago
The math in this article makes it sound trivial for any major government to destroy bitcoin. https://joekelly100.medium.com/how-to-kill-bitcoin-part-2-no... It points out that "But we can spend more on hardware then they could." is false. Once it was outlawed, they can just seize the mining hardware.

So PoS may actually be more resistant. Instead of acquiring physical hardware governments would have to start acquiring the currency. If they have to purchase it, it will drive the price up. While they maybe able to seize it in this scenario as well, it would seem the virtual crypto world would have better protection than the physical world.