Naval Ravikant On How Crypto Is Squeezing VCs, Hindering Regulators And Bringing Users Choice
Unchained
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Why the Government Hasn't Shut Down the Bitcoin Mining Industry
I wonder why they haven't shut down the Bitcoin mining. Do you have a theory about that? I have not. My sense is it was done for capital flight reasons. And with the miners, you can just track the capital flight. So it's much easier to control. In the medium term, they do know they have to re-enable it. This is very much the future of Internet protocols and they can't miss out on the next generation of Internet protocols.
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