so they are spent billions of dollar manufacturing and building bitcoin farm on a large scale to destroy the bitcoin and to lose peoples trust all over the world on bitcoin and the people then transfer their trust to other crypto like litecoin etc? where is the logic behind these? and then after btc destroyed china then will spend another billions of dollar to destroy the next crypto that people put trust on and so on and so on. LOL! stop this non sense! if btc destroyed we still have thounsands of crypto out there. what the heck!
i bet chinese wont do that thwy love crypto, theyr not building something just to destroy when they spend billions on it, this is just a fud!
I do not think it would be possible. However, if so, then there is some logic.
If the Chinese could miraculously beat Bitcoin, they would prove their strength and superiority over others that no one else has the power to do it.
And hence ?
- They create their own new currency with their work and resources.
- They maintain their hegemen position so that no one else will harm them.
- They have their own monopoly on the currency and if it will be accepted, it will be called the "new bitcoin"
Little probable? Perhaps. But, however, probably.
So there is also some logic in this too ...