very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
China will always have a big impact. When China supported Crypto, the development of Crypto would increase and when China did not support Crypto, its influence on Crypto would deteriorate. This is unavoidable because China has a very large market share and this is always the case for every country that has great capability and influence. China currently dominates mining and this has a big impact on energy sustainability and usually the government will determine what they value far better.
Does that mean China is very influential in crypto stability ?? If we talk about bitcoin, bitcoin decentralized. Then how far will this affect the development of bitcoin in the future? Thank you.
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