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And bitcoin powered through it all the same. The price dropped briefly, but recovered. That’s pretty resilient if you ask me.
by cyberge99 5y ago
And bitcoin powered through it all the same. The price dropped briefly, but recovered.
That’s pretty resilient if you ask me.
- taywrobel 5y agoThe risk isn't the price drop, it's China deciding that it wants to own the bitcoin market one day, seizing control of the hashers, and then doing whatever they want with the network. For instance, refusing to process transactions from American IPs. Would love to see how BTC's price holds up to a state sponsored hijacking of the network using raw compute power.