SELL! SELL! Sell your dollars.. (it's afraid)
(media.greatawakening.win)
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it's a verifiable open source program. can only be altered by majority vote or >50% attack by miners. china currently hosts >50% of mining, but bitcoiners will swear the CCP can't force a >50% attack. they also don't question how the miners can access cheap electricity without CCP approval. btw, i hold, but not a hodler or a maxi.
To my knowledge all the miners left China since the CCP banned mining only a month or so ago. So yes, China cannot force a >50% attack. Btc is still going strong as we can all see for ourselves.
the headlines were that china will be cracking down and the miners were starting to look for places to move to. but as of today, most of the chinese miners are still in China and the CCP hasn't cracked down on anyone. i guess that could eventually happen at some point, but so far, it's just headlines. same as 2018.
https://chainbulletin.com/bitcoin-mining-map/
edit: just to be clear, i don't even think the CCP, even with >50%, is the biggest threat to BTC. probably unbacked stablecoins a bigger threat. nothing that can make you rich is riskless.
I can’t disagree with that. I backed stable coins are the wolf in sheep clothing that pose as “cryptocurrency”, however are anything but.
Definitely agree with that point you make. Stable coins posing as crypto are bad for this segment.
Can be controlled with astroturfing, then? Thanks for that, I didn't know it was that bad.
Appreciate the disclosure as well. A trading position, then? Nothing wrong with a little capitalism.
Pretty smart. Very smart in fact. thanks for sharing.