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Moritz's avatar

And still, around 10% of hashpower (bitcoin mining) is done in China. You can technically ban it, but you cannot practically ban it. People can use and mine bitcoin anyways.

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Will's avatar

Practicality will take a punch when you literally have to carry around a USB. Does the BC infrastructure plan include utility lines? How about isps

O and as an aside I'd rather not get caught up in still mining in China as theres plenty of people who could use your organs amongst party leadership I imagine.

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Moritz's avatar

There are already bitcoin nodes running on satellites. As long as there is an internet connection anywhere on earth, there will be a bitcoin network. Also, how do you intend to use VISA without internet? You also donтАШt need a USB to carry your bitcoin, just memorize your seed phrase. ItтАШs truly antifragile.

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Will's avatar

O yes when they shut down the wires I'm sure they'll still leave GPS and sattelites running for everyone to get the latest sports and coin swaps. Cant be why China, Russia and the good ol us of a are working on sattelite crushers.

I think china's hot take on elons project is "must be eliminated". I hope they fail but the conspiracy is succeeding unabated everywhere else.

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Moritz's avatar

Again. If there is no electricity for an extended amount of time, the whole financial system is gone. Bitcoin should be the least if your worries. (Also, bitcoin can probably be restored the fastest because it is distributed in hundreds of thousands if computers worldwide and in space.)

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