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There is a huge chip shortage right now so yes it could be bought but it would be inefficient and take a long time. Seizing the existing miners in China would b
by celticninja 5y ago
There is a huge chip shortage right now so yes it could be bought but it would be inefficient and take a long time. Seizing the existing miners in China would be a simple task for the authorities there but they didn't do it. They are not going to spend tems of billions to attack bitcoin when they could have done it for the cost of the power alone.
- JumpCrisscross 5y ago> They are not going to spend tems of billions to attack bitcoin when they could have done it for the cost of the power alone Because they don't want to. Because it's in nobody's interest to blow up Bitcoin. It's a money maker, a tax maker, and nobody has gotten too badly hurt yet. I was responding to the assertion that China now can't disable Bitcoin. That's not true.