if you speak to rath_ he will tell you his LN wallet does not have privacy, his wallet announces his channel balance changes to a central DNS/explorer/whole network so that everyone can see whats available to make routes.

where analysis can then watch the movements as the updates happen

LN originally worked differently using private messages. (still does if you avoid rath_'s prefered wallet)
here is rath highlighting how he views his wallets function of everything is public



note.
other LN wallets(not like rath_'s) do not have channels set to public by default, do not send announcements to the whole network. and it only sends it to the 'tree' of peered nodes. if they choose to.

notice the use of words "forces users" . "public by default" .. nasty stuff

the way LN was "promised2 was privacy where for instance


but in rath_'s view his wallet broadcasts everything meaning if he had the same set up.

the whole network would see

A-B-C-D-E
       \
       W-X-Y-Z

oh and rath_ thinks even if i set my C to be private, he can still see
A-B-C-D-E
       \
       W-X-Y-Z

all because HIS wallet defaults and forces his channels to be public so he does not understand that privacy was and is possible.

the other thing is  the 'convenience' of 'all public' (default, forced) means he does not need to send private messages to test routes. and instead can build routes without testing them. the flaw of this convenience of saving a few hundred bytes of data. is ofcourse lack of privacy, and also the reason he had a 70% fail rate for payments because he wasnt testing routes before trying to push payments

in 2009. without a market price. without a economic value. people still thought bitcoin was worthy(feature and benefits).
they were willing to use their time and electric to use bitcoin.

people were developing it and transacting between each other.
the economic value increased the more people seen the features and benefits. even before there was an economic value.

by the way you are not forced to buy 1btc at $40k
you can if you wanted acquire 0.001 btc $40

no one is forcing you to hand over $40k in a lump
unlike shares where you can only buy whole shares. or stocks only in certain size allocations.

you can still use bitcoin even without paying $40k lump

with bitcoin you are not forced into a system which treats its users badly by devaluing it.
(fiat does force people to use fiat, where the value does devalue)

a ponzi scheme is just a scam where a central party takes money in, makes promises of small interest payments  and tries to avoid people escaping.
a ponzi scheme pretends to offer you interest but reality is you lose value.. fiat is a legally accepted ponzi.
bitcoin is the opposite. its not a ponzi. it hedges against the fiat game

there is no central money stash. no manager.

bitcoin does not offer interest payments. it does not force people to stay in, it does not restrict value movement out.
you are not forced to only move out of bitcoin via a central party
people use bitcoin because it has many features fiat does not offer.

---

your whole premiss is the false assumption where you think something cannot have values(utility) unless it has value(price)
where in your mind. if government did not force that $7.50 was the minimum value for 1 hours labour(min wage laws) then no one would use dollar

yet bitcoin had values(utility) before it had value(price) and also that value(price) increases with many factors that different people find as their reasons to use and value bitcoin, without force or limitation

bitcoin does not ever pretend to replace a government fiat.
instead it offers a separate choice.

EG im in the UK. the pound is going nowhere.. but i can earn a living via dollar, euro, bitcoin
the more choices the better.

for centuries. UK elitists have hedged against the pound by using gold or indian currency,
for decades UK elitists have hedged against the pound by using the swiss franc or the US virgin islands dollar

now normal people can have a choice too. hoard wealth in bitcoin without having to set up shell companies or off shore trusts

still cheaper to mine in kazahkstan than it is to mine in america
american industrial asic farms pay $0.07
american residential home miners pay $0.12-14

oh and kazahkstan people. (the customers) dont and never have paid $0.0023.


by the way
the conversion rate of 1 tenge to USD is  1tenge = 0.0023usd

funny part is
cointelegraph pulled the (0.0023-0.01) number out of their ass. without understanding what it refers to
the actual article they linked to the proposed change never mentions the numbers 0.0023-0.01

the actual article say the pre wholesale cost to power plants has a 1tenge tax inside of the 18-24 tenge retail/wholesale price
this will increase to 5tenge

YOU were the one that only wanted to know about just a few features that can still happen 'without the need of other people'

and i explained those few features and how they had certain level of value.. obviously if you expand out the other features you want to ignore. you might start seeing the other things that add to the combination of value

like i said there is more to it then that, there is a combination of a multitude of features and utility
because all currencies work if other people are involved. you know, you need someone to spend,swap,pay, transfer with.. ofcourse bitcoin is no different and works better the more that use it.. thats how currencies work.
and a good currency is one that not just is mass adopted. but also one that offers lots of feature that make people happy to use it.. WITHOUT FORCE

bitcoin is more then a currency.
there is bitcoin ("btc") the currency
there is bitcoin ("BITCOIN") the payment protocol
there is bitcoin ("Bitcoin") the brand of the network

but here is the thing BITCOIN does not need other people to co-sign my btc over. i can be the sole signee and only i can move btc assigned to me. so that has value to me.

the valuation of my btc within Bitcoin is also based on my acquisition cost of 2012 ($6/btc) meaning if i was wanting to sell all my btc. (i have enough) i could pull down the market price substantially and still be making a profit.
but i dont want to sell my btc below certain levels i decided by myself. and no one if forcing me into a price/value decision

other people like miners in germany or those that bought at the market ATH of $69k have higher acquisition costs so they wont want to sell at a loss. they are happy to buy at $40k because their other methods of acquiring btc are high right now

EG miners in china 2020 and in kazahkstan 2022 are mining cheaper than the market price, so their acquisition costs are less then the market price so becasue they have costs to pay like electricity, they are happy to sell at $40k.
where as it costs ~$43k+ to mine in america. so some are mining to acquire coin to hoard, hedging against inflation due to Bitcoins deflationary nature. and some are buying because its easier to buy than mine and cheaper right now.

some mine for long term hoarding, even at a premium because they want to protect the network. but the network does not rely on any single person to centrally decide on all things Bitcoin.
Bitcoin can run if there were 1 people mining 5 people mining or 1.5million people mining.
the more that mine the better and more secure the network is. and people are willing to pay for that security compared to a silly crappy altcoin you might rip off where only you are mining with your cell phone

we all have our reasons not to sell too cheap, and those reasons are independant of each other.

fiat on the other hand does force people into accepting bank notes at a value. and pretends to protect people but refuses to invoke those protections when banks fail. banks would rather make people lose value for the bank note they hold,

the market price is not some random number displayed on a market. its made up of lots of independent decisions happening.
it only looks random because randomness is the ignorance of wanting to learn, inability to know all the variables that culminate to get the value.. (your problem)

---

if you could mine gold in your back yard for nothing more then $2 of cost. you could make alot of profit and if you could hoard enough gold you could affect the gold market rate.
if everyone could mine that cheap everyone could sell for cheap and that would affect the market rate where people eventually are seeing the market with a $2-$5 value window based on the other features and benefits

gold would not remain at $900-$2k window if everyone could mine it for $2

the reason gold is at over $900, and btc is at over $35k is because a alot of independent reasons of alot of choices. based on actual decisions. of lots of factors including cost. its not randomness(well for you it is, because you refuse to understand the variables involves)

if you created your own altcoin.

you would then need to make that altcoin work. need to mine it so that blocks are produced.
because you are just one person. with one cell phone. your altcoin wont make blocks for a long while. it would take months and years for all them missing blocks to trigger difficulty drops sufficiently enough for your cell phone to start mining a block successfully and frequently, so that you can make a payment to yourself or someone else.

by that point if you could get someone to be part of your network. they too could mine. and they would then value the altcoin based on how easy it is to acquire your altcoin by different means.

so if you were trying to offer your altcoin to them for $40k. they would decline because they are at a cellphone mining speed too, meaning 0.01c to mine fresh coin. so why would they want your $40k coin, when they can mine on your altcoin network for much less
because they may not want to go through the effort of mining they might go upto 0.02c or they may think about making their own altcoin and see the time and effort so they may go upto 0.03c, keck they might offer you 0.04c rather than 0.01c to another altcoin making person who doesnt have the same features. because the features(you copied from bitcoin) have more utility then someone elses altcoin missing the features.
but its the combination of features and costs of utility that build up a valuation..
..
now do you see why i mentioned the mining value stuff many posts ago.
now do you see why i mentioned the ease of use factor many posts ago
now do you see why i mentioned the features many posts ago
now do you see why i mentioned the benefits many posts ago
now do you see why i mentioned the utility many posts ago

its a combination of all factors

your altcoin might have the same features of protocol. but it lacks other features, like its acceptance by retailers like its mining cost, like its ease of use, even things like your altcoin is only mined by 1-2 entities meaning the centralisation risk of it is high, making it less appealing

right now there are dozens of ripped off altcoins copying bitcoins same protocol. depending on a combination of many factors that make them atleast viable to be used by some and not used by others, and the cost associated with it differ depending on different mining costs. and also the ease of use with others and retailers make some of those rip offs vary in price. some from as little as a penny. some for a few hundred dollars. but none come close to genuine bitcoins value because bitcoin can do more then what the rip offs can

EG
they/you are not buying the serial number of a bank note.

if you had a bank note and decided to copy it(counterfeit) retailers wont accept it. if then you try to convince someone to accept it, they would have to evaluate the cost of your photocopy vs their own ability to photocopy. and their own risk of retail acceptance. and in the end they might offer you a penny for your counterfeit bank note.

or they would look at a genuine medium of exchange that has actual costs involved and ease of spending. and just use that one
even if the ease of use the genuine medium of exchange comes at a higher cost. because of its utility and features that make it better than the issues, headaches and risks of your silly altcoin/counterfeit bank note

NFT's are pegged to ethereum.
NFT is not a currency, ether is the currency of NFT(current NFT ledger)

dont fear NFT its not a currency. its an asset

NFT is not even the main asset and ethereum is not the main currency of metaverse.

NFT is a sidechain of eth blockchain. but dont think of it as a threat to bitcoin over popularity

ethereum doesnt want every hash of every t-shirt/shoe design clogging up the ethereum network.. so they went with the sidechain for NFT hash data to go

there is nothing stopping there being a bitcoin sidechain that offers NFT,

heck there is nothing stopping bitcoin having a sidechain on from that where people can make satoshi payments for small things.
that side chain does not have to even be a genesis-infinty chain.
it could be instead a ball-and-chain:
imagine that at block 105,000 it takes a snapshot of the unspents of blocks 0-52,500. and hashes remaining utxos as a utxoset milestone ball of many utxo. and then prunes off the 0-52500 'chain'
then at block 157,500 it then gathers the utxo of 0-105,000 and makes them into a milestone ball. and prunes off 0-105,000

thus more like a heavy ball and chain(milestone block+small chain) instead of an infinite chain
that way people are not storing redundant data thats already spent from over a year ago

dont think of it where it needs to be HD real life.
dont think of it as low-def 'ingame artifact purchases"

think of it as next-gen paypal, ebay, alibaba
instead a a 2d shopping market(ebay) you can have a 3d experience of a shopping market to buy things that get delivered to your physical house, without you leaving home

thats probably the only financial feature thing i can think of that makes it useful for people.
as for webmasters and developers. well instead of making webpages. they can now make 3d models to sell their 'product' to retailers
as for retailers. instead of paying google for adsense. they can buy ingame billlboards and posters on walls at online concerts to advertise their products

out of the many many features and utilities. you specifically asked about the features and utility without the need of other people.
so..
i can hold it much like you can hold a bank note.

but the better use of holding bitcoin is that i can back it up so that if i lose one copy of the key i can retrieve it elsewhere.
if you lose your bank note.. its gone.. and nobody accepts a copy of a bank note (counterfeit)

if i cant trust keeping a paper key safe. i can secure it in many ways.
bitcoin does not need middle men custodians to secure bitcoin..
bank notes need banks to hold it to protect it against fear of loss by giving it to them in custody

bitcoin does not need insurance against bank failure, the decentralised nature means it doesnt need banks, nor insurance
if bank notes were secure by themself there would be no need for bank custody. and no need for FDIC or bailouts.

bitcoin secures itself so no need for custodians or insurance
banks need insurance but even when banks fail the insurance is not invoked. elitists prefer other methods which cause customer value loss just to prevent other elitist loss(the FDIC didnt pay out because they couldnt. thats why the tax payers bailed out the banks instead)

i do not need someones else signature or authorisation to pay them. they do not have to be awake when i pay them.
with a bank note you have to give it to them, meet them
with a bank account the bank has to phone you to ensure you are the real person making the transfer. and are limited to how much you can transfer without question

i can move bitcoin to another wallet i own without limit or restriction or permission or question
try and move bank money from a bank account into your wallet. ATM limits are $500, bank teller limits are $1000 before being questioned, delayed, limited

i dont even need to use the blockchain to move bitcoin.
i can pass someone a private key. a passphase seed. i can make a QR code or even a cryptic artwork. heck i can put the key into a physical coin or engrave it into metal. i can pass around bitcoin in many ways.

if you wanted to send bank notes internationally, even by postal service. even they have limits and insurances because they cannot guarantee it.
bitcoin doesnt need limits or insurance. it just works

if you wanted to set up a trust requiring majority vote (eg 3 of 5) you dont NEED a lawyer/solicitor or notary or bank manager to set it up.

other features/utility
heck if i know a person well i can think up 12 words they know well too. put bitcoin onto that associated address and just say some encrypted message via a private message app like
"what type of guitar did your dad play" -acoustic
"what did your sister want to do for a job" -actress
"what did you ask me for on your birthday" -apology

heck you can even have fun with it. like offer some out as a competition/prize. testing peoples knowledge where the first person to get all answers right wins
like
"what was first bought with 10,000btc" - pizza
"whats the pseudonym of bitcoins inventor" - satoshi
"what do ignorant people like antithesis think bitcoin is" - number
and so on
you dont even need them to reply to you to win, they can take it by themselves
 

---

now here is the thing.
even though bitcoin does not NEED custodians to protect it from loss (copy keys in many ways)
even though bitcoin does not NEED co-signing authorisation

these features are available for bitcoin as a choice. so if you WANT to have a co-signer. you can. if you want to put it into custody you can. but with bitcoin you dont NEED to

the silly thing is..

now even blackhatcoiner has turned into copying antithesis flip flop of ignorance..

when asking about the value(economic) and values(features and utility) of bitcoin
        i give examples of utility and features (values)
    but then the question becomes 'but its just a number made of nothing with no cost...' (value)
        so then i explain the cost of the creation(value)
    but then question flips to but the cost is not explaining the utility.. (values)
repeat infinity loop

ill let the flip flip in and out of their loop of  asking for and ignoring value values, or values value game
they can break their own inifinity loops when they get bored of their game

---

funny part is that both antithesis and blackhatcoiner are thinking that bitcoin has no value.
both thinking its just 2 people agreeing on a medium and setting some randomly chosen number of value to assign it.

ignoring the acquisition value of the holder and his loss of utility values by giving it up as his bases of him setting up his sell price/offer.
EG if its very complicated to acquire it again in the future. im less likely to give it up in a sell or swap for goods. thus i will only sell/swap for goods if conditions are right to account for the utility value i might lose by no longer having it.
EG i wont buy a house because although a house appreciates in value every 10 years, bitcoin appreciates in value in 4 years.
EG i can sell the same house in 10 years. but trying to get the same amount of btc in 10 years would require alot more expense, effort to get back to same state as 10 years prior. so id rather keep the btc until i decide i no longer have use of it
(plus other features and benefits of use, listed in prior pages)
.
the buyer can see how easy/hard it is to acquire(mining, market, offering labour, goods) and decide how much premium value its worth to acquire if its harder to acquire by other means
EG a buyer might pay a premium on 'local bitcoins' because he can acquire it easier without kyc of markets(exchanges)
EG a buyer might pay a premium on the market because its faster and less of a headache than trying to mine it

its not 2 people dipping their hand into a hat and playing a raffle of random numbers to find an agreed price. there is more to the decision of value then just thinking up some nonsense random number

---

as for saying that banks have security to give $10 bank note for $10 bank note. its not an insurance against fire, theft, loss.
burn a bank note and see if a bank will reimburse you,, they wont. they have no insurance or liability to protect you in that way.
all you get a a crisp bank note if you hand them a crumpled but complete bank note. and they can charge you for it.
thats all you get

---

the problem with their theory that bitcoin does not have this same promise.. is that bitcoin does. thats how payment systems work.. input output contract of a transaction is the promise of the swap of one utxo for another utxo

banks and bitcoin do not promise they will exchange a bank note or btc for a fixed bread loaf value.

they just take a unit and give you a unit of the same form. thats not fixed value security with bank fiat because if you held a bank note from 2009 (5 bread loaf value) you wont get 5 bread loaves for it now. (inflation  is now 4 loaves)
banks have no security against inflation, no fixed value promise.

however bitcoin has proven that bitcoin from 2009 are worth more now(deflation)

value is more secure in bitcoin then it is with fiat
deflation is better than inflation

---

a pick pocket does not even need a wrench to steal a bank note.

imagine i had a bank note in my left back pocket. and my bitcoin app on my phone on my right back pocket.
and a pick pocket takes both.. without a wrench

i have totally lost the bank note. but i can retrieve my bitcoin.
because my phone is passcoded. and i have a backup key.

which is more secure.. bitcoin
..

then try to actually destroy all proof of the existence of my coin. you need more then a wrench to do that, yet i can just light a match to destroy all proof of your bank notes existance

which is more secure.. bitcoin

YOU are ignoring that bitcoin has a cost in its creation and acquisition

and there is a HUGE cost in trying to destroy if from existence.

need a match to figure out which one has no security?

most peoples first question is, is it a real currency?, like real in the real world?

best proof i gave was ordering pizza with bitcoin. when it arrived we then chatted about bitcoin. by the time we were finished then they were ready to learn about the technicals of it

throwing them in the deep end about the technicals first will just bore them and have them asking questions about is it actually useful in the real world and should they even bother reading something about something they have not yet used, seen or dealt with.

maybe look into local merchants/retailers that accept bitcoin in their local town. and along with the book send them invitation to make a btc address and you will send them enough for a coffee, pizza, doughnut or cake at the local store to buy.

PoS coins have no creation cost. so those would actually follow your idea that its just a number(like fiat) where it has no cration cost, but gains value by people finding labour/goods to make swaps with it

but PoW coins actually have a cost that comes with its creation. and due to other features and benefits, they have utility too

fiat does not have the 'borrowers liability/security' you think it does. you are owed nothing when you hold a bank note

bank notes value does not come from its creation. but from someone else working to then give it value after creation in exchange for goods/services.
thus a simple medium of exchange with no underlying backing(Pos coins and fiat)

bitcoin has underlying backing right from its creation, which is then strengthened by the work to add more confirmations. and also new confirms when its being spent.

then.. it becomes used as a medium of exchange ontop of that where people swap labour, goods for it(like fiat)
so bitcoin has more to it than fiat does


i have bitcoin from 2012, and to undo the proof of its creation. it requires ~510,000 blocks to be undone to remove trace of my coin. and then another >510,000blocks to be rebuilt ontop to legalise that change into existence by overtaking the network
it costs over $240k to make ONE block right now.. or taking the cost over the last 10 years
meaning it costs $5,691,784,177,413.87 to do that

i can destroy proof of your bank notes existence with a match, and your bank wont just give you another. you have no security

now if you want to think they are just number.. try it
take a bank note out of your pocket. and put it beside your screen
then find a random bitcoin on your screen...

try and destroy the bitcoin, then light your bank note on fire... see which one survives and which one can be destroyed

lets word things in your language. maybe you will see the point then

people (so called employees) spend a ton of muscle energy only to get a serial number. energy is a valuable resource people can live off
people (so called goldsmiths) spend a ton of fuel only to get a bunch of atoms. energy is a valuable resource people can live off
now lets repeat your example
people (the so called miners) spend a ton of electricity only to get a number. Electricity is a valuable resource people can live off of

regarding bitcoin
you are ignoring the fact that bitcoin is just evidence of complex mining where acquirers use valuable things(electricity). in fiat, bank notes are not created at a cost, they are evidence of 0cost creation..
in fiat these things are not mined, but given for free. after people get that, they have to give it back at extra cost to themselves(muscle energy) so banks can profit. banks work on faith that people will pay back more for something that cost nothing

the queue for $69k was very small. only a few people were buying thats why it topped out. no one else left to buy
if the demand was higher at $69k then it is at $40k then the price would not have stalled at $69k

what you find is at the moment kazahkstan. just set up mining and its costing them $35k. they need to pay bills for the start up costs so they are heavily in sell mode

america are at $43k so they are in buy mode
kazahkstan can make profit while price is $40k but they dont want to have american mining again if the price goes over $44k. because then the hashrate competition kicks in which would increase kazahkstans costs and reduce its reward. so they really want to sell coin right now
keeping the price below $42k safety zone, but also keep it above $35k so they can profit.

while in this "safezone" of $35k-$42k kazahkstan can pay off its build costs and expand by 20%..
if the price shifts to $44k
american mining will reduce reward shares by more then 20% and americans would stop buying and start selling. leading to demand for kazahkstan mined coins to dip.

kazahstan doesnt like this so they are happy keeping the pressure on to keep bitcoin between $35k-$42k

be aware there are 381million africans under the age of 10.
infact there are 678million under the age of 19
so dont downplay how many have internet access.

2 parents 2 kid with internet in the HOUSEHOLD is more like 4 of 4 not 1 of 4, even if there is only 1 name on the bill

bitcoin already has dust limits to make small amounts not really viable for spending

---

the bitcoin protocol does not have decimal places. never has, never will. and nothing should change that
your talking about the GUI display math that makes large numbers look small on screen for human visual aid graphic representation

the protocol has the reward currently sitting at 625000000 units per block.
100101010000001011111001000000 in binary
thats the real hard rule.
not the gui software display denomination of 6.25

bitcoin started with
100101010000001011111001000000000   =5000000000(50)
halving simply removes a binary bit
10010101000000101111100100000000     =2500000000(25)
1001010100000010111110010000000       =1250000000(12.5)
100101010000001011111001000000         =625000000(6.25)

to add 3 "decimals" is not simply adding on bits

it changes current 6.25
100101010000001011111001000000
to become
1001000110000100111001110010101000000000

this not only affects the numerics long term
but also the number of halvings remaining, meaning 10 extra halvings meaning changing from a 2140 end date to 2180 end date

but not only that.
a legacy node would see 'new' value appear as 6250btc where new software sees 6.25000000000
a new software would see legacy value appear as 0.0625000000

so alot of cludgy math and checks would need to be done to make sure no one accidentally swaps wrong value from legacy to new
very ugly to do and can cause alot of bugs and problems

especially if a change such as this does not last or gets undone. suddenly reverting to legacy means that 1000X more coins were made during the period than it should have.

no one should even be considering breaking bitcoin that much to fit some other network numeric scheme.. if the other network doesnt match bitcoin numerics. THEY should change THEIR network protocol to match bitcoin.. not the other way around.

lets say a country has 20 power plants. with production capacity of say 2twh
but only demand of 1.8twh
and they know because of EV they need to get upto 5twh in 8-13 years (2030-2035)

firstly. they would love to sell just 1gwh excess to a new industry (Gw is 1000th of 1tw)
0.2tw unpaid for capacity. offering just 0.001tx to bitcoin mining
this means 310,000 asics could mine there(34exahash). and if electric was say $0.04
netting the country $353,028,000 extra income per year to build more power stations
$2.8bill over 8 years.

that buys a heck of alot of hydro/wind turbines or solar panels
that 8 year extra income can buy 2000 wind turbines
meaning the country sells 1gw over 8 years but then can build 2gw of extra renewable power.. at no cost.. because the 1gw was unpaid capacity anyway.

heck the country could then offer 2gwh (620k asics (68exa))
heck the country could then offer 4gwh (1.24m asics (136exa))

not just mining, not just exchange buying. other ways are for instance become a merchant

if you have 1btc at $41k
and you know a dropshipper(wholesaler) who accepts btc.
buy 41000 t-shirts at 0.00002439 each ($1)
set up a BTC t-shirt site
selling shirts for profit 0.00012195 each ($5)
if you only sell 8200 t-shirt. you break even and get your 1btc back
if you sell all 41,000 t-shirt. you get 5btc  x5

if you dont like t-shirt and dont have $41k to spare, but do have $4.1k and prefer to sell coffee
with 0.1btc find a coffee wholesaler where 0.1btc buys you 20,500 cups of coffee
meaning cost 0.00000488 per cup (20cent per spoonful)
set up a cafe. selling coffee
selling it at  0.00004880 per cup ($2 per coffee)

even if you sell only 10% (2050 cups) you break even to get your 0.1btc back
if you sell all coffee supply (20500 cups) you break even to get your 1btc x10

..
well. alcohol and drugs did not go down in price when outlawed. infact it cost more to get that illicit product.
same can happen with bitcoin

EG
bitcoins cheapest -expensive mining costs are ~$35k(kazahkstan/iceland)-$85k(germany/bermuda)
if kazehkstan and iceland banned mining. or charged a penalty tax on the industry. well the cost of mining would increase bringing the bottomup.
EG changing the iceland/kazahkstan industrial electric rate from 0.04($35k) to 0.08($43k)
iceland and kazahkstan then wont mine. but would buy. meaning more buyers, more buy pressure and less sell pressure. so the price would rise.

american ASIC farms if they were banned at their $0.07 industrial electric rate
meaning in an example only american home hobby miners mined at $0.12 residential electric rate
that too pushes the cost of mining up.

right now american mining costs are
industrial asic farming:   $41,620.43($0.07 electric rate)
home hobby mining:      $49,026.49($0.12 electric rate)

if major american businesses cant mine at $42k to get bitcoin. they will buy it.
if the only american accessible untainted fresh coin is home mining at $49k hobbiests wont sell for less. meaning americans wanting locally bought coin will pay over $49k for it

imagine if kazahkstan and iceland didnt outlaw it. but just doubled the electric fee to $0.08($43k cost instead of $35k cost)
where the market price was $50k due to american policy changes
iceland/kazahkstan would mine again as its profitable to mine

(my priced exampled of mining costs are using the s19pro 110th asics of 3.25kwh at $12k hardware with 2year ROI on hardware)