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by dingus9 1950 days ago
China would benefit more by confiscating all hashrate & hoarding all of the BTC for themselves before announcing that BTC is their national currency and driving BTC price to millions per-coin.

It's just as farfetched and unlikely, but anti-Bitcoiners just keep theorizing about a hostile China takeover crashing BTC price as if it's feasible, without considering the inverse.
2 comments
throwaway1777 1950 days ago
Because China has already announced DCEP as their national crypto. So the chance of them making btc their currency is basically none while China has already cracked down on btc in various ways in the past. They could in theory use btc as some kind of reserve or exchange currency, but not sure why they would need to when everyone has to bend to their will to trade with them.
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eru 1949 days ago
The rest of the world can just use a forked BTC, then. (Or use one of the already established alternatives.)
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