df
@df
with the majority of bitcoin mining power in china, whats the argument for the US gov adopting it in any meaningful way? trying to understand - or is the argument that only small nation states do? bitcoin is actually a technology that seems to reduce the US’s power on the world and increases China’s? not fud just curious
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JamesX
@jamesx
China has banned the bitcoin minning, so the majority of that industry is not in china right now
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df
@df
ah yes I remember hearing that. not sure where I read that stat then
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JamesX
@jamesx
that happened 3 years ago, since then, the bitcoin minning industry has changed a lot geographically https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/#:~:text=China%27s%20most%20powerful%20regulators%20on%20Friday%20intensified%20a,hitting%20bitcoin%20and%20other%20major%20coins%20and%20pressuring
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