
Dennis Pourteaux (Pourteaux.xyz) on Bitcoin & Institutions
Galaxy Brains
Bitcoin and the Chinese State
Back in the day, there's a lot of Bitcoin mining in China, well over 50% And there used to be this narrative that China controls Bitcoin mining So I had this idea, what if I put some... And that they would control Bitcoin by controlling Bitcoin? Yeah, exactly. Because that's how Bitcoin's consensus is Right Bitcoin security relies on its hash power If it's all in China, does China control Bitcoin? That was like the fud that was going around at the time Now China's banned Bitcoin mining, but back in the day It ain't never going anywhere, it's there for good "I do love your view and use of Bitcoin for this because it is so born
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