this misunderstanding about Chinese and their control over bitcoin has been around for a very long time and when you write a long essay about it, that still doesn't make it true. it is still the same flawed discussion that has been discussed a million times here.
What in the hell are you talking about?
Ten years ago BITCOIN-ASIC chips didn't exist, BTC was mined on PC's, on the motherboard, on the CPU
Today 99% of all BTC mining is done on ASIC, and CHINA owns 100% of the foundary's that make the ASIC chip's for CRYPTO, all crypto including Bitcoin.
That is the point of the article.
CHINA owns BITCOIN, by virtue of the fact, they own the miners that mine them, and they mine first 10:1 ratio over the west, or any other customer,
BITMAIN is king of all Crypto on earth.
51% my ass, one of the biggest lie's in the bitcoin community is how everybody ignores the 500LB gorilla that controls +90% of all mining ( server transaction )
Please pray-tell you read the article ...
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9bBefore you commented?