>> How many ASICs are located within territory controlled by the Chinese Communist Party? > Something like 65%. Locating and coordinating all entrepreneurs (t

>> How many ASICs are located within territory controlled by the Chinese Communist Party? > Something like 65%. Locating and coordinating all entrepreneurs (thousands dispersed and not broadcasting a location) to attack the network would be highly unlikely and a bit of a tin foil hat scenario. If a 51% attack occurred it would need to be sustained and in the end would likely result in a fork of the chain. You forget that the Chinese internet is heavily monitored, run by state-owned businesses, with all external traffic going through government-controlled choke points running a big famous firewall. Literally every network connection and online account is required to be linked to someone's official ID. I'm pretty sure the Chinese government could track down every Bitcoin miner in China in fairly short order. They just need to program the great firewall to detect bitcoin protocol traffic (they already detect VPN protocols), then cross reference that with their telecom account records. These are things they already do on a regular basis, as part of the current monitoring efforts. If they want to be really sure they're targeting miners, they could probably cross reference that again with data from the state-owned power companies, but I'd guess that they don't do that often so it would take more work.