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> and is controlled by no one If China or the US really wanted to control Bitcoin, how long do you think it would really take them to do so just by investing i
by RcouF1uZ4gsC 5y ago
> and is controlled by no one
If China or the US really wanted to control Bitcoin, how long do you think it would really take them to do so just by investing in Bitcoin mining?
The US has literally spent trillions of dollars making and keeping the US dollar the reserve currency of the world. If Bitcoin ever rose to the level where it was a serious threat for US control, I have no doubt that they could easily crash Bitcoin as a viable currency.
- bitcoin_anon 5y agoYour proposed threat to Bitcoin only makes it stronger. If more resources are invested into mining, the network gets stronger. Meanwhile, other countries will increase their investment as well. It’s an arms race that doesn’t lead to people dying.
- JetSpiegel 5y ago> Your proposed threat to Bitcoin only makes it stronger. Until the Fed are 51% strong, then it gets weak again.