How is that supposed to be, they ban bitcoin or not isn't a determinant for its adoption since it's a decentralized network that works with the blockchain technology, there are no other proof of work that is recognized aside bitcoin, other cryptocurrencies were PoS as long as they were centralized, other crypto projects uses smart contracts and the likes but bitcoin mining is basically strict on PoW.

Since Bitcoin has nothing to do with staking, the ban has no positive impact on Bitcoin and its holders. Wherever you see any form of Bitcoin staking, be careful, or better yet, run away, because they are purely centralized and can steal all staked funds anytime in the form of freezing.

All the crap that happens in crypto is always due to problems with altcoins aka scam coins. Terra Luna, ethereum, Blockfi, FTX token, Celsius, etc.

Bitcoin has nothing to do with these garbage tokens, and yet whenever some altcoin implodes or does something bad it brings down everything even though it had nothing to do with bitcoin. It should not be that way but unfortunately it is. Most people in crypto are stupid and don't understand this. The fundamentals of bitcoin is still as sound as it ever was.


Hopefully one day soon bitcoin will decouple from the rest of the crap coin casino and the stock market. Hopefully all the crap coins will be banned or deemed securities which is what they are. All the crap that happens in the market has nothing to do with bitcoin. But people who invest in altcoins are stupid and just want to gamble and play the altcoin casino for short term gains but usually end up losing their shirt.

Since most people think that Bitcoin represents the cryptocurrency industry, so anything that happens within the industry will affect the Bitcoin market.  I do not know if it is misinformation or if someone is pulling a string connecting Bitcoin to any mishaps done by other cryptocurrencies.  It always happens so I think we should get used to the fact that whenever negative stuff happens, Bitcoin will always take the toll of that event.


I also hope that day will happen and people will be informed that Bitcoin is different from central exchanges, scam altcoins, and other ill-intent cryptocurrencies.

I don't like all these "bans" but you are probably right. The problem with PoS is that coins can become too centralized. Take ETH for example, after the merge people started talking about lack of decentralization of ETH and how this coin can now be manipulated by anyone who will acquire a big percentage of coins. So the fact that they prefer PoW is probably a good thing for bitcoin.

It won't prohibit altcoin developers to create new algorithms, new trends to attract altcoin investors.

People are more easily to be scammed by altcoin projects with lot of promises from their developers. Many times promises in Whitepaper, Roadmap are not fulfilled. It is not uncommon to see altcoin companies lie to their investors and run away with scam exits or bankruptcies.

They write too high ambitious roadmap but at the end, their developers get rich, investors get rekted.

They would ever wanted to ban those that were not fully recognized with their regulatory system, but either it was ban or not bitcoin remains PoW while others are PoS, the process of mining the two were emphatically different a d PoS can not cause a drive to bullrun poW since what they want is to operate on an unregulated atmosphere being a centralized exchange, this is one of the reasons why PoW is the best becau it can not be regulated by any means since it's a decentralized network.


They wouldn't because it's been under their regulatory body, they derive steady task, and they have control to make influence over the entire system.

This is bad news for cryptocurrency which affected whole crypto market including BTC. Banning staking in cex is against the decentralization and regulations and limitations will not give any benefit to Bitcoin. The benefit was nothing, the loss was that Bitcoin's price dropped from 24 to 20

This ban is limited to Centralized exchange and door of staking in dex is still open. second only US person are prohibited to stake token in unregulated Cex. all other POS utilities are open and there's no banned and regulations so Nothing seems to benefit Bitcoin.

How is it banning staking on CEXes against decentralization? It's against centralized exchanges.
The ban doesn't even target crypto, but crypto IOUs.

Benefits become apparent as the markets becomes more efficient.
There is a lot of ignorance in the space, which creates market inefficiencies.

Once people realize what a scam shitcoins are, they will flock to Bitcoin.
BTC dropped from 23 to 21.5. That's the noise of the aforementioned ignorance. Zoom out and you'll see the signal. Check back in 2030.