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 ?
this is good discuss As the value and economic utility of Bitcoin have grown, so has the incentive to attack it, the researchers explain. We singled out China for analysis because they are the most powerful potential adversary to Bitcoin, and we found that they have a variety of salient motives for attacking the system and a number of mature capabilities, both regulatory and technical, to carry out those attacks.
China may be motivated to weaken or destroy it to make an ideological statement; for example, demonstrating the futility of decentralized control paradigms, the paper reads. this goal as long as it is highly visible.