If War breaks out between China and the US, can China hack Bitcoin?

[ranochigo]

What good would it do if China hacks Bitcoin? Bitcoin doesn't belong to any country.

If you mean being able to hack Bitcoin by the use of 51% attacks, which is pretty much the only attack that they can execute, then you're wrong. In terms of the global transaction volume, Bitcoin isn't used by any government as a store of value. It would make sense if you could paralyse another country by restricting their financial flow but it can't be the case. The most that they can do is to stop the citizen from using Bitcoin which doesn't really affect people since most of the transactions are in fiat as of now.

[serjent05]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

Simple answer... no.  As we can see China will rather focus its monetary fund for warfare than spending billions of dollars hacking the Bitcoin Network.  It is illogical to hack Bitcoin in the middle of a war.   It will only hinder China's war campaign than help it with funds if that is what you are thinking of asking the question about the possibility of China to hack BTC.

[carlisle1]

IF war with China should happen this summer with the UNited States,,,

First how will war happen ?we are in this crisis and you are talking about war ,this is not the right time to tackle such thing because even
china is helping US and other country to prevent this pandemic so please stop this kind first at least after this Virus .

could China hack Bitcoin if it had to regardless of cost?

How could China hacked bitcoin and what is the connection of war in hacking?if war is there China will stay focusing about how to beat
 US and not to Care about Bitcoin or whatever.

In my view nobody can hack the bitcoin blockchain since it's fairly distributed and nobody owns it so it's not possible for anyone to hack it. In case of such global war, btc can continue to exist.

there is no topic about stopping bitcoin existence instead bitcoin being in control of one country,things that very impossible to happen
 because no one owns bitcoin ,it is decentralized and cannot be handled .

[Haunebu]

Lol, To much netflix could create fantasy so better minimize watching that since in real life there's no one will notice on bitcoin since if you look on current situation even if there's no war still we can see it unnoticed by many chines and american

Firstly, I have no idea which Netflix movie or show you are referring to here. Secondly, the governments would probably try to gain control of BTC since it is basically money in a digital format and money wins wars.

What good would it do if China hacks Bitcoin? Bitcoin doesn't belong to any country.

Op does have a point here. Even if BTC is decentralized and doesn't belong to any specific country, it is still money which itself is the most important resource when waging wars.

Simple answer... no.  As we can see China will rather focus its monetary fund for warfare than spending billions of dollars hacking the Bitcoin Network.  It is illogical to hack Bitcoin in the middle of a war.

The Chinese government could actually execute the 51% attack if they possess their own quantum computers secretly hidden away. The same could be mentioned about the USA. BTC could prove to be a valuable resource though the scenario that op described seems impossible.

[ranochigo]

What good would it do if China hacks Bitcoin? Bitcoin doesn't belong to any country.

Op does have a point here. Even if BTC is decentralized and doesn't belong to any specific country, it is still money which itself is the most important resource when waging wars.

Bitcoin is not fiat though. It isn't a currency that is endorsed by the government. If anything, fiat is the resource that would be used during war. You probably won't see governments paying contractors in Bitcoin during a war. The spending during a war would take hundreds of billions and I highly doubt Bitcoin in its entirety would be able to finance even a significant portion of it.

Attacking Bitcoin through 51% would be a waste of resources and even if they manage to attack Bitcoin, it would quickly become worthless and all their resources would've gone to waste.

[sheenshane]

IMO, there are two types of war the cold and the hot war and if we're referring to a hot war then Bitcoin has nothing to do with it since everyone will have a life full of fear like doomsday for anyone. Cold war can destroy a country in fact this covid19 can be considered as an attack of china to the US and other countries that causes severe damage to the economy.

The Cold war with regards to hacking Bitcoin and I think it has no great effect nor be beneficial to china for it is still less of the global population are using Bitcoin or cryptocurrency right now. Either hot or cold war that may happen between the US and China will still the people who will bear all the sufferings.

[Asuspawer09]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

Even if there is no war Bitcoin cannot hack or crack bitcoin, it's already a thing to hack bitcoin, and there are countless offers of money to hack or crack bitcoin but until now no one did even in other altcoins there are also offer to hack it.

Why does the war need to start? in the two countries, we know that no one owns the bitcoin? do the US or China own bitcoin, either way, there are so many theories about this who really own the bitcoin or what country it is. Still, I think bitcoin cannot be hack by anyone I believed this is a piece of advanced technology we might need more years to hack it.

[buwaytress]

That's right, if there was a war between China and the United States, it would actually mean the beginning of World War 3, in which there would be hardly any winners given the types of weapons that the two countries possess today. Bitcoin would become quite irrelevant in the event of a world war, people would save lives and the internet would become inaccessible to many.

This is exactly the only logical thing that can happen and I think a lot of people fail to understand how the world works when they hope and dream of black swan events like WW3, or a complete collapse of global economy, or total fiat destruction -- all in the hopes that this means Bitcoin is left to tower over all other money, valued at $1 million or some other number.

Not saying million-dollar Bitcoin's not possible, but that it would never happen in any of those global destruction scenarios. Food and security would be worth any number of Bitcoin we'd have if shit went down like this.

[pragmatic gut]

Lol, To much netflix could create fantasy so better minimize watching that since in real life there's no one will notice on bitcoin since if you look on current situation even if there's no war still we can see it unnoticed by many chines and american

Firstly, I have no idea which Netflix movie or show you are referring to here. Secondly, the governments would probably try to gain control of BTC since it is basically money in a digital format and money wins wars.

What good would it do if China hacks Bitcoin? Bitcoin doesn't belong to any country.

Op does have a point here. Even if BTC is decentralized and doesn't belong to any specific country, it is still money which itself is the most important resource when waging wars.

Simple answer... no.  As we can see China will rather focus its monetary fund for warfare than spending billions of dollars hacking the Bitcoin Network.  It is illogical to hack Bitcoin in the middle of a war.

The Chinese government could actually execute the 51% attack if they possess their own quantum computers secretly hidden away. The same could be mentioned about the USA. BTC could prove to be a valuable resource though the scenario that op described seems impossible.

Thank you for your answer. You seem to see the larger theater given the conditions I proposed.

[pakhitheboss]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

People and their wild imagination.

Gone are those days when armies fight directly. Now days no e of these countries can afford a full scale war. They can only put economic restriction and encourage hacking each other's military and secret servers.

Bitcoin does not depend on outside world issues. If the chines by any means are able to control the Bitcoin network then the community will basically can destroy them by ignoring Bitcoin.

Just like what happened to Steem Network.

[camito]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

Well, the said 'war' between these giant countries has been known even before. They both have huge resources and intel, but we know US still ranks no. 1 in the economic label (if not shaken by the pandemic). So China, being a competitor, knows how to attack. And I think, China need not to 'hack' Bitcoin. Most of us are aware with the fact that China had the plans and independence to use blockchain, and create their own cryptocurrency. Though, there are users of Bitcoin and other cryptos in their country, still, they saw a great opportunity with these coins, and to be able to defeat US in terms of the economic ranking, well, they have their own method.

[Lunatic_Pandora]

There's a high chance, considering they own a considerable stake of the bitcoin mining pools.

Even if you assume some of them are semi-independent, you can trust that the communist government under pressure will use its authoritarian powers to force their will as most authoritarians do but what will the benefit of it be? Who knows.

[philipma1957]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

If your grandma had testicles would she be your granddad?

Does my question my question seem stupid?

Your question is not stupid but it is pretty much not worth answering.

BTC is worth 180,000,000  180 billion dollars.

China has a multi trillion dollar budget.

BTC is a small fly on the wall.  Okay  a small mouse on the floor.

Would you be looking to kill that mouse if a tiger was in your house.

FUCK no you would deal with the Tiger.   Killing off the mouse and giving it to the Tiger won't help you very much.

Also if China really went to War directly with the USA and the rest of the world just watched it happen  most of the world world would die. Nukes would get used since USA has 333,333,333 and China has 999,999,999   USA loses the war if it is with knives pistols rifles

So that leaves biological  weapons or chemical weapons or nukes  any of them just fuck up the whole world.

So don't worry bout it.

[Artemis3]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

They cannot. This is unrelated to Bitcoin, as Bitcoin isn't "American". Even various countries banded together to attack Bitcoin, they would not succeed. Annoy yes, but not destroy Bitcoin. It was designed to resist such a thing since the beginning, when it was though all the govs and banks would go against it (they didn't).

Funny thing is, if China went to war against US, they wouldn't attack Bitcoin. They use it too you know? I don't see what makes you think Bitcoin is somehow American, when many American politicians and bankers and rich people hate it...

Attacking Bitcoin is costly, and the more you try, the more you spend. It would bankrupt your economy before you could achieve anything. So forget it.

[coiner-88]

I don't think anything will happen. I don't see any possibility of an end to the war yet. No country wants a war. War means two countries being destroyed. It doesn't want a country in the current situation. The whole world will go after the crisis.Not only China and the US will suffer here. Bitcoin holder in almost every country in the world. The whole world will face economic recession and risk.

[Rengga Jati]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

Do they really want to have a war? I personally will never imagine about it. It may be the third world war in the world? It will cause many things to this stability. And I don't think it will happen this summer, moreover, right now, every counrty is doing a war with COVID-19. So, I am sure that they will not choose to have another war in the country.

However, If they really want to have a war with the US this summer and they will hack the BTC for cost, they should have done it from a year ago. Preparing costs for a war is not something easy and short. It should be done from a long time ago in order to get enough funds. And the fact is that Chinae doesn't do that. I am sure that The two countries have their money to start and finish the wars.

The next questio is about hacng Bitcoin? What BTC? What owns? Or from the mining? China, we know that most miners come from this county. And when they want to hack BTC, they will be able to because most of them are also smart enough to this kind of technology. However, I don't think that the other hackers and people worldwide will accept this because it doesn't only affect the US but also to all people in this world. I am sure China will ever do that.

[Sagittariuas]

hack bitcoin makes me fell like it is a company or central system when some one know all bitcoin keys and will use them to hack all the network.
if WAR III starts bitcoin will rise to 30000.
it is better to say China ban bitcoin not China hack bitcoin because no one can hack bitcoin.
China banned bitcoin in the past and they can ban bitcoin mining but they need more people to invest and make more income from taxeses

[Alobo Realer]

IF war with China should happen this summer with the UNited States,,, could China hack Bitcoin if it had to regardless of cost?

I don't understand what you really meant by 'hack bitcoin', but if war should happen I believe China will be in charge of Bitcoin, as they right now have the largest Bitcoin mining capacity up to 50% of the mining capacity with US a accounting for just 14%.
And I'm scared what the price would if any such situation. May be 3 times what it is today.

But if you truly mean 'hack bitcoin', I don't think it is possible as it cannot be hacked by anyone

[KrisAlex18]

What do you mean bitcoin hack? I don't understand why bitcoin hacking included the war of China and the US. I can't understand what you really want to say or to ask if you want good feedback and well answers on your threads, you should make it clear, you shouldnt create a one liner post because there would be many people who will misunderstood what you really want to say, just like this one, we dont know what you want to say because bitcoin hack was included to the war of two countries, which is really not related.

[MCobian]

I think Bitcoin will be neutral, so it's impossible to get into a war between China and the United States. And what are the benefits from China
if hacking Bitcoin, unless an economic war makes more sense. Who managed to have a lot of Bitcoin can controlled the economy in my opinion,
because in the future it is likely that Bitcoin already functions as a global curreny. So many financial transactions will use Bitcoin.