[samarama]

> and when I say a government controls imagine: slowing down mining, making it illegal, or limiting it in general population, forcing people to declare thei cryptocurrencies, putting a cap on how much one person can hold personally and forcing you to keep them in an official wallet

This all already happened multiple times, but miners are so distributed across the globe that this has nearly no impact.

It’s also pretty hard for a country to spin up this much mining power, because it simply takes a lot of time to manufacture ASICs.

It’s also very expensive. $34B at the very least and rather $100B. https://gobitcoin.io/tools/cost-51-attack/

No country has this much free cash available for shenanigans like this, not even the US.