1/ Geopolitical #Bitcoin Mining is an interesting game where the only winning move is to embrace $BTC. 
2/ #Bitcoin mining at the geopolitical stage is a massive Prisoner’s Dilemma with 195 different players (195 countries).
The general idea of geopolitical Bitcoin mining game theory is that if a country does decide to ban mining, they will lose.
The general idea of geopolitical Bitcoin mining game theory is that if a country does decide to ban mining, they will lose.
3/ We clearly saw this occur with China in 2021 when mining was banned.
As a result, capital in the form of ASICs and Bitcoin escaped Mainland China and that capital was attracted into other countries around the world.
As a result, capital in the form of ASICs and Bitcoin escaped Mainland China and that capital was attracted into other countries around the world.
4/ Other countries benefited from lower network mining difficulty (due to machines turning off) and higher mining profits.
This has resulted in the growth of Bitcoin mining everywhere else leading to more capital creation and higher tax revenues for all other countries.
This has resulted in the growth of Bitcoin mining everywhere else leading to more capital creation and higher tax revenues for all other countries.
5/ At the end of the day, Bitcoin is an immutable new technology tool. As society begins to understand what this is, we are seeing a race to accumulate and mine Bitcoin. It’s a race on the individual level, a race on the local level, and a race on the geopolitical level.
6/ The Prisoner's Dilemma graphic at the beginning of this thread was inspired by @parkeralewis’s original Banning Bitcoin Prisoner’s Dilemma table.
unchained.com/blog/bitcoin-c…
unchained.com/blog/bitcoin-c…
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