Quote from: Vod on Today at 01:03:23 AM

Quote from: Hispo on Today at 12:30:42 AM

Now that alledgedly Donald Trump has talked wonders about Bitcoin and he is alledgedly planning to make the United States to be a super power of Bitcoin and also hold Bitcoin as reserve, makes me wonder how tough he would actually be in terms of crypto regulation.

Hey Hispo, maybe you can answer this one question I've never been able to get an answer to.

What happens if China puts up millions of miners overnight and takes over 51% of the processing power?

I guess integrity and trust on the Blockchain and the decentralization behind it would be at stake. Actually, I recall that being one of the most tangible fears of people about the fragility of decentralization of the main network back in 2019-2020, when China still allowed miners to openly operate in their territory and using their cheap electricity.
though, I must add Vod, I am not an expert on Bitcoin whatsoever and this sounds rather like a topic to be discusses with people who have more knowledge on Proof of Work protocols than I do.
When comes to Bitcoin, I know what it takes for me to carry out transactions, sign messages ans check the fair fee to pay on the mempool. I don't even know how to code.

Sorry if it was not the long explanation and answer you were seeking, by the way. To me,.it seems it is taken for granted miners also have a stake in the network and hence, they act in good faith...