Time to sell Bitcoin. Bitcoin belongs to the CCP - the mining is all done on Chinese hardware at Chinese power plants. China's already been exploiting COVID as cover to destroy Hong Kong, and with Biden in the White House they're probably going to do the same to Bitcoin.
I've been saying Bitcoin is shit for this reason among others. I'm a huge crypto believer, but it has to be a crypto that is truly decentralized. No way I'm trusting anything that's concentrated in China (or concentrated anywhere). Seeing how easy it is for companies to be compromised by SJWs I don't trust any concentration for something like a global monetary system.
It's a shame that bitcoin became the go to crypto simply because it was first.
They have over 70%. That the hardware doesn't belong to them is a legal fiction that will be swept aside when the totalitarian communist dictatorship arrests the owners for money laundering and confiscates their stuff.
Time to sell Bitcoin. Bitcoin belongs to the CCP - the mining is all done on Chinese hardware at Chinese power plants. China's already been exploiting COVID as cover to destroy Hong Kong, and with Biden in the White House they're probably going to do the same to Bitcoin.
The tether shit is going to fuck the market sooner or later
I've been saying Bitcoin is shit for this reason among others. I'm a huge crypto believer, but it has to be a crypto that is truly decentralized. No way I'm trusting anything that's concentrated in China (or concentrated anywhere). Seeing how easy it is for companies to be compromised by SJWs I don't trust any concentration for something like a global monetary system.
It's a shame that bitcoin became the go to crypto simply because it was first.
The CCP doesn't have 51% of Bitcoin's computing power.
They have over 70%. That the hardware doesn't belong to them is a legal fiction that will be swept aside when the totalitarian communist dictatorship arrests the owners for money laundering and confiscates their stuff.
You may have a point.