/biz/ - Business & Finance

>>	Anonymous Fri, Feb 5, 2021 19:43:13 No.27870497 [View] File: 211 KB, 1149x1200, Xi-Jinping-presides-1149x1200.jpg [View same] [iqdb] [saucenao] [google] What's his portfolio?

China can make BTC go to $0 Anonymous Thu, Jan 14, 2021 08:49:49 No.25962806 [View]
File: 211 KB, 1149x1200, Xi-Jinping-presides-1149x1200.jpg [View same] [iqdb] [saucenao] [google]

Chinese miners control 70% of the hash power used to riddle the mining game and control the network.

You know a 51% attack can just be used to force transactions from inactive/lost wallets into your own. Nobody would suspect anything if it's done properly.

>hey bro our network just confirmed a 1M BTC transaction from satoshi's wallet
>oh really?
>yes, the majority of the network agrees

TLDR: If Xi issued an executive order to seize all bitcoin mining in China he could nationalize it like he did Alibaba in one second. Nice investment you go there, bitcucks.

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