Its a very small possibility. Maybe if we get a strong man takeover of the US where they confiscate asics.
Bitcoiners will see this coming & set up elsewhere.
Unlikely, but yeah don't get too comfortable thinking nothing like this could happen.
Prepare for the worst
If FATF and BRICS countries agree they don't want competition with their fiat, things are going to get spicy.
As long as we are not seen as a threat in geographical territories with a good mix of cheap energy and preferably cool climate, we are okay. Otherwise we'll have to find an alternative to proof of work (no, I'm not advocating PoS).
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Sovereign individual thesis. If the West want to stop bitcoin mining, other countries or jurisdictions look to benefit from productive companies & individual wealth.
Free market & truth win in the end.
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