I Am Ready To Transfer My Life Savings Into Your New Bank, Mr. (real) President.
(media.patriots.win)
MAGA
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A 51% attack is hypothetical and also becoming statistical less and less possible the more popular bitcoin mining becomes. Even for China, amassing enough computing power to literally be over 50% of ALL bitcoin mining worldwide is a feat that's rapidly becoming not possible.
Edit: To clarify, chinese people currently make up over 50% of all the hashtag power of bitcoin mining, but the CCP doesn't. Frankly, it makes sense that the biggest investment into bitcoin is from the largest communist country on the planet. Bitcoin is specifically designed for situations like modern day China.
Well, that's not how China works. If its controlled by a mainland Chinese person, its controlled by the CCP.
There is no law in China. No "ownership". No rights or courts. And its gotten so much worse the past decade under Xi, and its going down ever more rapidly.
Look, just because someone lives in china doesn't make them some part of a hivemind that the CCP can mind control into giving up their bitcoin instantly. That's the point of owning bitcoin. It's a store of value that cannot be taken from you without your consent. People like the chinese citizenry are exactly the kind of people who need cryptocurrency the most. It allows them to bypass their communist government, hence why they're mining it so aggressively.
Lucky me, because I lived there many years. But its not about mind control. Its about actual pysical control. If you are a large miner, the CCP knows about it. Even if you are a small miner, they likely know it. And if the CCP tells you to do X, you do it. You don't ask questions. There are no courts to complain to. There is no police to call. You don't follow, police will just come and take all your shit and throw you in jail for a decade or so. No trial needed. People have no idea what total power actually means.