Yes I can see that, and then Bitcoin mining will no longer be controlled by private individuals, but by competing governments who will surely use their fake fiat money to monopolize the industry. I like that the hash power slowly increases along with affordable technology. The whole process is just perfect.
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But they couldn’t control it. With the cost of rigs and energy that is real investment, not BS POS with printed coins. Then they are stuck, can’t stop or it would increase China’s block rewards. Only choice is to push forward and maintain the mining difficulty. You can’t destroy bitcoin and at this point you are invested, might as well embrace it and use the bitcoin you mined