That’s pretty easy tbh, most of the core bitcoin devs all work for a single company that can absolutely be bought out, and even have gone on record on how much they dislike bitcoin.
It was the main reason I got out, I bought into it because I was excited by the tech behind it, but no single company should have that much control over the direction it goes in.
Now you could argue that if they did so the chain would just split and the rest of the world would just stay off the USA owned chain, but imo they have already done so much against the interest of bitcoin and everyone has just gone along with it so far (minus the bch split) so what do I know.
Bitcoin and other crypto currency like it rely on there being enough to circulate. China has several times over the amount of mining potential the US does. It’s seems prohibitive to investment to make it a US only mined currency.
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What? Our ancient grid says lol. But also. We don’t own bitcoin. It’s not some random American product that the US owns the rights to. What even.
That’s pretty easy tbh, most of the core bitcoin devs all work for a single company that can absolutely be bought out, and even have gone on record on how much they dislike bitcoin.
It was the main reason I got out, I bought into it because I was excited by the tech behind it, but no single company should have that much control over the direction it goes in.
Now you could argue that if they did so the chain would just split and the rest of the world would just stay off the USA owned chain, but imo they have already done so much against the interest of bitcoin and everyone has just gone along with it so far (minus the bch split) so what do I know.
Bitcoin and other crypto currency like it rely on there being enough to circulate. China has several times over the amount of mining potential the US does. It’s seems prohibitive to investment to make it a US only mined currency.