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The 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
by taywrobel 5y ago
The 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.