> The sole way a government can kill it -- any government -- is to invest >$2B into getting >51% hash power, then launching coordinated malicious doublespends for the purpose of shattering faith in bitcoin.
How much hashing power resides in China? I was under the impression that it's >50%.
It would cost the Chinese government a lot less than $2B to raid all those farms and take their equipment.
How much hashing power resides in China? I was under the impression that it's >50%.
It would cost the Chinese government a lot less than $2B to raid all those farms and take their equipment.