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Why Bitcoiners Are Rooting for This Latest China Mining Ban to Finally, Actually Be Real
Could new pressure from the CCP remove coal-powered hash power from the bitcoin mix?
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
Could new pressure from the CCP remove coal-powered hash power from the bitcoin mix?
This episode is sponsored by Nexo.io.
This week has been China story after China story in the world of crypto. Increasingly, NLW argues, bitcoiners are getting sick of the baggage that Chinese mining and Chinese state involvement place on bitcoin and crypto as a whole. In this episode, he looks at the latest news from China and points to interpretations from a number of voices that show why what appears to be FUD could actually be a welcomed development.
See also: Bitcoin Falls as China Calls for Crackdown on Crypto Mining, Trading
Image credit: BeeBright/iStock/Getty Images Plus
HOST
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
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