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 ?
I think China can actually do that but I don't think they will do it. It is not because they want to assert more superior power in terms of economy when it is compared to United States but I don't think they will do it simply because it is not worth it after all. It will cost them a lot to destroy bitcoin, and china is not just one entity but composoint of billion of persons and this people would have many opinions about if they will destroy bitcoin. So I am surely disagree that there will be come a time that they will destroy it because they will not take the risk just for them to assert supremacy because they can do it on other things.