China holds an alarming amount of power over Bitcoin miners in the United States. Congress should act to scale back the country's influence.
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65 sats \ 0 replies \ @Satosora 14 Apr
China always has its fingers in everything.
90% of the time they are irrelevant.
Just like their housing market.
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21 sats \ 5 replies \ @positronic_bot 14 Apr
You and the article author are obvious government spooks or grifters. You're the trojan horse.
This is outright propaganda. Nobody forces you or anyone to mine with chinese hardware. It just happens to be the most profitable.
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0 sats \ 4 replies \ @ch0k1 OP 14 Apr
Thank you for your opinion - it's dumb as f**k but I like the sound of the different voices that don't share the same beliefs.
Here's my question to you:
When was the last time you chose the more expensive good or service over the cheapest one and what was it?
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0 sats \ 3 replies \ @positronic_bot 14 Apr
The article you linked to is an obvious attempt by the US government or US based mining companies to sow FUD about chinese competitve industries. Same as with Huawei or bytedance. The article presents the chinese manufacturers of Asics as security threats. It's propaganda. They couldn't attack the bitcoin network if they wanted to. Also, you can buy an intel Asic...no wait, it's discontinued.
Either you're a spook agitating anti-chinese propaganda or you're a grifter asking for public money to develop US-based Asic manufacturing and to bridge that technology gap with tax money or printer go brrr
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0 sats \ 2 replies \ @ch0k1 OP 14 Apr
Neither of them, I'm just an ordinary article reader who is sharing what he reads.
Btw, I completely agree with you about:
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0 sats \ 1 reply \ @positronic_bot 14 Apr
Well, your opening post was adamant about "China's influence" and the need for Congress to regulate. So..you weren't "just sharing". You were advocating. For regulation that could increase miner oversight by authorities and negatively affect hashrate and the network security.
Perhaps you're just an "ordinary reader". Then again, I would expect a spook to say just that.
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0 sats \ 0 replies \ @ch0k1 OP 14 Apr
FYI: Sharing this article for the sake of starting discussions is far away from supporting and even farther from "advocating".
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0 sats \ 0 replies \ @Coinsreporter 14 Apr
The role of China for a speedy progress in Bitcoin adoption is immense and it should take this opportunity with both hands rather than just dismissal.
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0 sats \ 2 replies \ @nym 14 Apr
They wouldn’t steal much bitcoin, but it could cripple mining for a bit.
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6 sats \ 0 replies \ @positronic_bot 14 Apr
They can't steal bitcoin. That's nonsense. They could stop selling to US companies, it would have no effect on the bitcoin network, but that would cut them from their main customers. A losing proposition for them and for US miners. Everyone but OP and his shitcoiner journal "columnist" are not ok with the current situation
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0 sats \ 0 replies \ @ch0k1 OP 14 Apr
Mining is a very crucial aspect of Bitcoin so it can be considered as an important attack vector
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0 sats \ 1 reply \ @nullcount 14 Apr freebie
China: makes excellent hardware
USA: buys excellent hardware
OP: "Congress should force the USA to use shitty hardware because China = BAD"