China is really coughing to death and I don't see anything going to hell!
How? with 2,000 deaths of coronavirus? more than that die from car accidents every month in the U.S alone, but even with that "$34 billion were wiped out of apple alone", oil prices feel from $68 to $52 as china imports the most crude oil in the world, everything has been affected by the small and silent half cough of china, china is a "global supply chain", look around your house and you will see china in every corner, if the virus is not contained and cured soon enough, things will get pretty ugly all over the globe.
Let me break this down for you:
GDP PPP per capita:
GDP per capita is not the same as
GDP (PPP), you seem to have gotten things mixed up a bit, the example you used is PPP per capita which is pretty dependant on the population size, that's why you see Qatar is placed first but 51th in GDP (PPP). you should probably browse this website
http://statisticstimes.com/index.php to get a better understanding of the differences, although this is really going off-topic.
First, how do you get that 4,285,714 s9?
Money!
And this is when economic strat to play their role, bitmain doesn't have that many chips and they need to also put an order on TSMC for that and if TSMC is busy, could it still be done? If its this huge order and must be done quickly just how much not are only prices going to spike, not even mentioning bribing a lot of guys to keep quiet?
The king can have 10 countries and 1000 companies work for him to collect all the miners he needs, money buys everything, he can even buy mining farms in China or any other place.
Could this be done in secrecy? No way!
So until you manage to manufacture that many miners build the infrastructure, ship and install them there is a lot of time to take some measures, and code is pretty faster than a cargo ship.
There is no need to keep this a secret, the King's country can simply say they are going to support bitcoin mining by holding a large mining farm if people find out, a dozen of mining gears get moved around, does anyone know where did the last million S9s go to and who bought them?? anyone who has both power and money can potentially and easily accumulate all the hashrate they need, in fact, the Chinese president now does "technically" have control over all the mining farms in China and can perform the attack if he wants, but you are suggesting that he probably wouldn't, therefore there is no risk?
And anyway, there is nothing we could really do if someone is bent on spending billions or tens of billions attacking it!
There must be, it's to be or not to be, in 2041
BTC has to be worth nearly
half a million dollars for the chain to be as secured against 51% as is today, if it's worth only 100k then it will be 80% less secure than it is now.
I do believe in the role of economy, more people and businesses owning bitcoin gives it more value and more security as whoever uses it should at some point "invest" a portion of what they have to secure the network, I don't discard that role, but there is nothing wrong with planning for a technical-based solution rather than completely counting on the assumption that "nobody will perform a 51% because it's expensive or difficult".
