Indirectly, yes. One of my large mining operations was based in Vietnam and we used equipment sourced directly from China due to our partnership with a very lar

Indirectly, yes. One of my large mining operations was based in Vietnam and we used equipment sourced directly from China due to our partnership with a very large crypto company there, with a two letter domain name. You're taking one talking point out of the conversation and then trying to apply that as a whole. The larger picture here is that what you are replying to isn't the point of what I'm talking about, but it sure makes you sound like you know what you're talking about though. The fact is that the govt would likely never take over every single mining operation, when the lowest barrier is to simply ban it. That's exactly what happened. They don't need Bitcoin, when they have their own infinite money printer. Even if they didn't ban it, and still took it all over, they wouldn't have enough hashrate to control the network (~40 < ~51). If they somehow invested even more funds into this massive operation to control more hashrate, what could they do? At most, reorg a few blocks and effectively destroy bitcoin. It would be a very expensive suicide, for what purpose?