Some governments (like El Salvador and Russia) are moving into bitcoin mining. If more nation-states accumulate BTC, what impact will this have on decentralization and price stability? Could this lead to geopolitical bitcoin wars?
It's wild to think about countries like El Salvador and Russia is jumping into bitcoin mining with state-backed efforts. I mean, if more nations get on this, it could really shake things up, potentially centralizing power and threatening bitcoin's whole decentralization vibe.
It might even tie BTC closer to global politics, which wouldn't be surprising if we start seeing some kind of "Bitcoin wars" between countries trying to accumulate as much as they can. It's definitely going to be fascinating to see how this plays out.
I don't think they will go to such extents to undermine the network that much.
It's a good development for sure, but nothing to worry about.