If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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Interesting theory, one only has to look to China to see it play / playing out.
China has the internet backboned entirely covered, yet even they can't stop it .. specifically BTC.
Everything else is centralized. For example, all one needs to do to bring the entire ETH network down would be to just disrupt AWS.. poof! ETH is down.
Eth is built on AWS? lol I didn't know that, that's foolish.
I'm not sure how china gets their BTC connections, I assume VPN out of the firewall, or maybe satellite internet? Or more likely corruption and a porous "great firewall".
I would also note that trying to kill the btc blockchain network would be a huge undertaking when people knew that it was being attempted I suspect a ton of people would host full nodes and vpn them together, use satellite phones, or whatever to connect things as much as possible. But a one-world government effort the likes of introducing Covid/lockdowns/mandates could hit it pretty hard until global grass roots effort would be made to restore it.
But, this is all fantasy which I don't ever expect to happen at this point. We are winning.
Sorry it's more nuanced -- the majority of the ETH network runs on AWS, the reason being it's very costly to run an ETH full node so most just use centralized services like Infura which runs on AWS.
Essentially the cost to entry is so high that it ultimately centralizes the network which is antithesis to how a decentralized blockchain should work. So in the end, when AWS or Infura experiences an outrage the entire ETH network goes dark. It's happened quite a few times recently. So all the DS/Gov needs to do is send a letter to Amazon or Infura.
re: China ... people can still buy bitcoin, the gov banned mining and bitcoin / crypto transactions. so peer to peer transactions is illegal.
I've talked to a guy online who bragged about his friends mining operation full of 3090's.. and they were Chinese playing a game on a NA server. They're getting past the firewall somehow. Social credit score? You only need one node inside the firewall to stay connected. Perhaps it's governmental incompetence, corruption, or monitored.
I imagine it's a mix of VPNs and gov incompetence, or if the game has servers installed within China's borders... which most games do. The CCP requires datacenters/servers to be physically hosted within China if you wish to do business there openly.
3090s are super expensive! They must've been salvaging the bins. wow.