Do we believe and believe that what China is doing with a specific purpose is true and can be ascertained. look at past experiences about 51%. citing some news that circulated among them;
- To exert influence in a foreign country where Bitcoin is in use, China may aim to weaken or even totally destroy Bitcoin. This could be done by targeting specific users or miners for attack or by generally weakening consensus to increase volatility to a breaking point.
Of course there are implications that occur with this and whether there is no protection that can prevent this from happening.
we know that there is ;
The Computer Fraud and Abuse Act (CFAA) seems to clearly encompass 51% attacks, and impose significant penalties on the attacker.
whether it will still be done with a clear risk that is easy to know.
We have already said "Only a moron pisses in his own soup", If you don't understand this statement, then you wouldn't understand the question.
This entire OP is BS, because nobody on earth with the power necessary has any desire to 'destroy btc', like I have already said, it doesn't matter because BTC has a limited shelf life, but that doesn't matter either cuz of the 12k shit-coins, 100's of them are rock-solid to stick around the next +20 years long after btc implodes.
China by hard-work has 90% of btc on earth today, they worked for they're smart, they ain't going to pee in their soup.
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Here's what is going to transpire, CCP already has control of Jack-Ma and his ant-holdings which 90% of the world BTC infrastrucure, when CBDC is ready CCP just slides their code in, and all the infrastructure simply starts running CBDC.
But this is years off ( 2-3 years IMHO ), in the short term there needs to be a slow migration of out BTC and into the btc-3.0 coins where the wealth can be preserved. CCP well knows the NSA created BTC, and they know that it has a limited 'shelf-life' so they'll have their people slide into CBDC and/or GOLD until the transition is complete.
The morons in the west will be the bag-holders and watch btc go slowly to zero.