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Re:BTC Endgame by inopinatus on Friday February 19, 2021 @06:37PM (#26199533)
The implication, that no other nation-state may use force to assert control of a strategic economic resource, is in contradiction with both history and common sense.

GP is ipso facto calling out lazy casual racism, but framed constructively because they’re better at it than me.

Re:BTC Endgame by eloff on Friday February 19, 2021 @08:02PM (#26200284)
Casual racism?

The Chinese government has 100% power to do whatever they want. If they want to kill you on an invented charge and send the bill for the bullets to your parents, they can do so (and have done so).

Yes Western governments can use force to intervene with private companies and have done so in the past, but it's unusual for them to do that because people and companies have rights and they can contest the action in court. That's nothing compared to what China can do with no recourse, see Alibaba or the Canadian Michael's for a recent example.

You cannot pretend that the two are similar situations, and doing so is whataboutism. It has nothing to do with race and everything to do with the difference between a free country and a totalitarian country.

Re:BTC Endgame by inopinatus on Friday February 19, 2021 @08:16PM (#26200392)
The Chinese government is not China any more than the US government is America or the Kremlin is Russia.

Having a go at authoritarian demagoguery and secret police is one thing, have at it.

But doubling down on the casual false equivalence between a people, a country, a government, and a person, just reinforces the point.

Oh, and when you find a free country, do let me know. I haven’t seen one yet. So far, from Australia to Zimbabwe, all governments coerce and murder their citizens.

Re:BTC Endgame by eloff on Friday February 19, 2021 @08:19PM (#26200414)
The OP was not taking about the Chinese people, he was taking about China the Chinese government. It was very clear to me reading that, I'm not sure why you're all confused.
Re:BTC Endgame by inopinatus on Sunday February 21, 2021 @02:37AM (#26211631)
The difficulty with this alleged "clarity" is there is no single entity called "the Chinese government" either.

See also:

Using "China" but assuming .hk and .mo are included

Using "China" but assuming .hk and .mo are excluded

Using "China" to mean the area administered by the ROC

Using "China" to mean the area administered by the PRC

Using "China" to mean the area claimed by the ROC

Using "China" to mean the area claimed by the PRC

Using "China" to mean any area historically associated with the rule or influence of the Xia, Shang, Zhou, Qin, Han, Xin, Wei, Shu, Wu, Jin (1st/2nd), Sui, Tang, Wu Zhou, Liao, Song, Yuan, Ming, or Qing dynasties and their associated interregna and feudal periods.

Using "Chinese government" to mean the CCP, but not the State Council, the NPC, or the PLA

Using "Chinese government" to mean the CCP, the State Council, the NPC, and the PLA

Using "Chinese government" to mean Xi Jinping.

Using "Chinese government" to mean the KMT or DPP.

Using "Chinese government" to mean any and all the above, except the KMT, DPP, or PFP.

Using "mainland China" to try to be more specific (it still isn't, and now you've started a war)

Using "Greater China" to name your regional offices. Looking at you, Apple. (no such thing, it's a western fabrication, like General Zuo's chicken)

Referring to the Chinese language (which one?)

Referring to Chinese characters (hanzi? kanji? jiantizi? hanja??)

Referring to "Chinese food" (this is like categorizing haggis with paella)

Referring to "Chinese people" as though it's one ethnic group

Calling anyone who you think looks Chinese, Chinese.

Re:BTC Endgame by heidar on Saturday February 20, 2021 @04:54AM (#26203002)
The wumao and supporters of the CCP have been pushing this racism nonsense for a while now to try to divert criticism against the CCP. It’s unfortunately very common.
Re:BTC Endgame by inopinatus on Sunday February 21, 2021 @03:38AM (#26211887)
Calling out casual bigotry does not equate to sticking up for dictators.

On the other hand, calling racism "nonsense", in any context, that's some Oswald Mosley shit.

Re:BTC Endgame by eloff on Saturday February 20, 2021 @01:57PM (#26206769)
I have seen people doing this and it's deeply annoying to reframe criticism of the CCP as racism. Not everything is about race. I'm deeply annoyed by how much race is becoming a thing in general - that seems like it's going to end up being counterproductive to ending racism. I'm not going to go so far as to say it's purposeful by the CCP. But it could be.
Re:BTC Endgame by strogonoff on Saturday February 20, 2021 @01:41AM (#26202162)
Too often it seems like the more precision matters, the easier it is to choose the wrong word.

In this context IMHO the choice of words matters quite a bit. I do my best to never write “China” if I’m in fact referring to the entity commonly identified as “CCP”.

(I understood OP’s point though, probably because I used to make the same mistake—perhaps still inadvertently do with some other countries.)

Re:BTC Endgame by inopinatus on Friday February 19, 2021 @08:23PM (#26200447)
It is no better an assumption than assuming the OP is a man.
Re:BTC Endgame by eloff on Friday February 19, 2021 @08:27PM (#26200478)
Again with the false equivalence. You're just doubling down on being wrong. I'm out of this conversation.
Re:BTC Endgame by inopinatus on Friday February 19, 2021 @08:48PM (#26200643)
I’m doubling down on identifying the fundamental category error of all casual bigotry, so this was a useful and interesting conversation for me.
Re:BTC Endgame by jimhi on Friday February 19, 2021 @08:53PM (#26200685)
New Zealand? Denmark?
Re:BTC Endgame by jacksnipe on Friday February 19, 2021 @06:47PM (#26199607)
Uh, no, other countries don’t have 65% of the hashing capacity. The USA could put a gun to miners heads, but it wouldn’t give them 51%, so there’s no point.
Re:BTC Endgame by c-cube on Friday February 19, 2021 @09:33PM (#26200942)
For all we know, the NSA has a ton of secret miners it could switch on suddenly to launch a 51% attack. Prove me wrong .

(ok this is the stuff of conspiracy theories but it's still a possibility, isn't it?)

Re:BTC Endgame by topranks on Saturday February 20, 2021 @05:26AM (#26203131)
Well I guess the question is, if the US govt (or any other superpower) felt it was in their interest to take over / destroy the blockchain, would they be able to?

It seems to me if Bitcoin got to be of huge strategic importance to global finance, countries like the US would start to build out that power. The idea that the economy of say the US was at the mercy of other foreign governments would probably not sit well.

This applies to all large powers just using the US as an example.

Re:BTC Endgame by inopinatus on Friday February 19, 2021 @06:55PM (#26199671)
Uh-huh. The agencies of, let’s say, the US federal government, or the Kremlin, or similarly those of governments in the UK, France, Germany, all have no history of overseas intervention or onshore direct action to preserve economic interests. Got it.
Re:BTC Endgame by nyolfen on Friday February 19, 2021 @06:59PM (#26199707)
if 51% of hash power were located in the US, the statement would have been about the US. it is not something special about china that makes this the case, only the fact that it is a sovereign state with the means and will to control activity in its territory, just like every other functioning state. one could also make the case that china might be more likely to intervene in such a way in the economic affairs of its subjects than a liberal democracy, but that is a secondary argument.
Re:BTC Endgame by inopinatus on Friday February 19, 2021 @07:04PM (#26199752)
No, China is not a person with a single will. The assumption/assertion that the mining equipment may as well all be sitting under MSS guard in Beijing is horsecrap.
Re:BTC Endgame by renewiltord on Friday February 19, 2021 @07:15PM (#26199861)
It does have a person that can enforce his single will pretty well, though.

In any case, you can follow it like this:

* Nations desire to control strategic resources

* Bitcoin is one such strategic resource

* To control Bitcoin, you need more than 50% of the network

* China has 65% of the network

* China can control Bitcoin

Re:BTC Endgame by Retric on Friday February 19, 2021 @07:44PM (#26200137)
For small scale miners in China it might be a different story.

However, if Xi Jinping decided to crush Bitcoin for whatever reason large scale mining in China, which is well past 50%, would quickly do what he wanted. As such he has de facto control over Bitcoin, though I personally doubt it’s something he would do.

Re:BTC Endgame by ruined on Saturday February 20, 2021 @01:37AM (#26202149)
why do you expect that? you're talking about tens of thousands of individuals and companies, all themselves invested in bitcoin, being asked (through no existing command or enforcement mechanism) to essentially destroy their own personal wealth. even assuming the chinese state could achieve compliance from 77% of the existing hardware, it would optimistically take several days. the only way around that stumbling block would be to mandate centralized control of the miners, which would be impossible to keep secret and would also inspire some sort of reaction.

the idea that every miner in china will jump when xi says is pure fantasy.

Re:BTC Endgame by Hasnep on Saturday February 20, 2021 @06:37AM (#26203417)
Remember, China is a country with concentration camps, so they (the CCP) clearly have the ability and desire to do extreme things and convince their people it's the right thing or that it's not happening.
Re:BTC Endgame by ruined on Saturday February 20, 2021 @03:18PM (#26207545)
and america has the largest prison population in the world. we still have plenty of people that don't immediately comply with whatever the president says at any moment.

yall act like china is populated entirely by robots. it's a complex society just like anywhere else.

Re:BTC Endgame by solveit on Friday February 19, 2021 @08:49PM (#26200651)
If the US sends an army to China in order to seize their mining rigs, then Bitcoin is the least of our problems.