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RE: What would happen if we were to lose 2/3 of the world's Bitcoin Mining Network

in #bitcoin7 years ago

I think there is already manipulation built in, especially for the larger mining operations. They can pump coins due to the huge amount of power and currency they control. Bitmain is a good example - they can virtually drive prices each time they release a new piece of hardware

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The greatest manipulator is the USA govt. If they are unable to manipulate bitcoin ecosystem be it mining or trading or undermining the Internet connections to bitcoin nodes, no other govt would be successful.

yup. The government is now just looking for their cut