You are viewing a single comment's thread from:
RE: China wants to eliminate bitcoin mining for wasting energy & polluting environment
China could choose to embrace crypto mining in their country, and possibly even position themselves as a world leader for crypto development in a time when many nations have turned their back on it. Instead, they've chosen a route that is only going to ultimately harm them, as eliminating an entire sector is going to cause unemployment and a flight of crypto operations to other countries.
The thing the CHinese government wants more than enything else is control.
They may make an own crypto, but the current versions are not easily controlable. Especially something like Steem is incompatible with the censor regime. Not to mention the waste of energy in a country that builds several new plants every month.
The surprise is only that it took so long.