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 ?
Such a number of people who need privacy can always be found. This is what can save the cue ball from collapse, but about its value, I have no illusions, it simply does not exist.
It will not enough to destroy Bitcoin to the ground. These day every regulation need investors to do kyc. So anonymity for cryptos are no longer relevent as the law keep strict everyday. We need to follow the book of law now. Anonymous look like gone now.