It is going to be fun when the Chinese government realizes that they can forcefully shutdown >60% of the mining power by hunting down the pool operators and the actual miners.
Questions is rather, do they fear bitcoin for the uncontrollable power it gives to the people?
I don't know the answer, and I also don't know if they would want to harm the network, all I know is that bitcoin is a $10B network that claims to be decentralized even though the Chinese government could run for the major block producers.
It is going to be fun when the Chinese government realizes that they can forcefully shutdown >60% of the mining power by hunting down the pool operators and the actual miners.
China has gone from third world to a major power in a generation. They have to know why. You reckon they'll jepordize that?
Questions is rather, do they fear bitcoin for the uncontrollable power it gives to the people?
I don't know the answer, and I also don't know if they would want to harm the network, all I know is that bitcoin is a $10B network that claims to be decentralized even though the Chinese government could run for the major block producers.