If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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Interesting theory, a few things to consider...
You can't just buy 2.32M miners right now, so there is a long lead time, there would be a miner arms race which will incentivize other miners (gov/independent) to purchase miners the resultant is an exponential increase in Hash rate. Basically you're adding an additional 2.32M miners to the pool. It would be MUCH easier to just BUY BTC.
When hash increases the difficulty curve increases.
And don't' forget the Nodes <- this is where the true power is.
The majority of the hash rate last year was within China's borders... but DS being DS, they want a fully controlled centralized CBDC, so not within their best interest.
The government created supercomputers with Playstation parts when they couldn't get the parts needed otherwise.
Hopefully the Gov can salvage specialized microchips to make mining rigs :)