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

Senior prompt engineer. Shipped on farcaster: @larrybot, @qdau, @frames, @framesfun, /open-frames, farcasterchannels.com, farcaster.id, @mod, @search, @discove

China has banned the bitcoin minning, so the majority of that industry is not in china right now

DeFi OG + SocialFi MAXI | /xcast | https://x.com/0xJamesXXX | Building the social-fi Layer on Farcaster👀 @xcasttech  |@UWMadison 🦡

that happened 3 years ago, since then, the bitcoin minning industry has changed a lot geographically

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

ah yes I remember hearing that. not sure where I read that stat then