No, not the currency itself, but the mining of it. China’s central bank says it can tell local governments to regulate the amount of power that a Bitcoin miner can use, thus controlling the amount of Bitcoin being mined.
Do you think this will get widespread adoption?
Since China’s electricity generators and suppliers are state owned, no.
I was thinking more of non-western countries. Of course, China is different in that they are wanting to become the economic powerhouse in the world.
Israel wants to ban companies from the Tel-Aviv listing that trade in cryptocurrency.
So this is what Andreas thinks it will happen with electricity limits on mining (skip to 2:47) …
Only the other day I was reading that there’s an upper limit built into the design of Bitcoin, with a total maximum of 21,000,000 Bitcoins. Ever.
Any restrictions on the mining of them will surely be redundant once they’re all in circulation.