SELL! SELL! Sell your dollars.. (it's afraid)
(media.greatawakening.win)
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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.