3 ms·
In that case it turns into something resembling the Reagan spend-the-USSR-to-death Cold War strategy. While China and Russia may see some value in BTC weakenin
by api 6y ago
In that case it turns into something resembling the Reagan spend-the-USSR-to-death Cold War strategy.
While China and Russia may see some value in BTC weakening US hegemony, I wonder how much they'd be willing to spend to defend it. Right now the USA can probably spend more and also de-facto controls TSMC (Taiwan is a US client state), the most advanced fab that could make the most power efficient mining chips.
- gfodor 6y agoYes unfortunately in this case this arms race would cause a massive spike in energy costs and CO2 emission.