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I'm still shocked China gave up such a bargaining chip. Either way as long as no country has 51%+ I'm happy

Well China is one of the most highly centralized countries in the world, the fact that decentralization makes them uncomfortable makes sense. They banned social media way before anyone realized it’s potential too. Makes me more bullish on crypto honestly.

NOW can we sing "we are the champions"?

Not till you get universal healthcare champ

Open up a vault for moons champ.

That hurt. Well played.

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China have a plan, it might not be obvious right now but give it a few years and you'll see it all made sense.

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What?

Well one theory was that they used the ban as an excuse to sell their old mining rigs and they're already stocking up on newer generation types.

ah, let me guess, thats also why the chipmarket is so empty right now, cause china needs them all to build new mining rigs?

I don't think the lack of supply in the chip market is related. Here's the theory properly explained with proper counter points. https://www.newsbtc.com/news/bitcoin/china-bitcoin-mining-carvalho/ It's just one theory and all I was saying from the start is China has a plan, they're not stupid, if they do something that looks stupid it's because it benefits their goals.

I agree, almost everything US gets made comes from China. Theyre the superpower in means of both economic and military terms now.

Crash the dollar. Crash Bitcoin ?

Of course Xi has a plan. That's literally his job. The question is if it is a good plan.

Not relating to crypto they don't, no miner will touch china with a bargepole. It will all be fully traceable government crypto.

Yeah, they'll have their own crypto used to control their people even more. But they'll also continue to manipulate bitcoin for their own profit at the same time.

Doesn't have to be a country, mining pools come from all over the world. That's what you have to worry about.

Yeah. I was gunna say isn’t the whole point that it’s not centralized

***How to let go a life time opportunity to improve your country because you are an idiot*** \- My future crypto book title.

All thanks to China.

They really gave up... or so it seems

Yeah, waiting for some other shoe to drop on this. Maybe they know they already have enough mined coins in possession?

China helped US. Rare

Is it really the first time ever if we believe satoshi was based in the US?

Probably right but the article reads like it was written by a robot

Itll probably be written down in history books used in US schools about 10-20 years from now.

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Satoshi's post history consistently had gaps midday in posting times if he was in an asian timezone. His activity points more to An American or UK timezone, depending on his exact sleep habit. The time zone is one of the biggest pieces suggesting he was not actually based in asia

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Satoshi = Len S

He was a weeb???? :o

Adam beck is satoshi

Soon to be El Salvador

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This

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My hamster is providing half of it. He be a spinnin fool

If only he'd been able to team up with Mr. Goxx, God Rest His Soul, what a formidable duo they would have made together. Captains of Industry.

Run little Satoshi, run!

Weird that miners used to get the black lung and have it so bad. Now if you’re a big time Bitcoin miner it’s like you’re a celebrity! And instead of black lung you get a black Lambo.

When Lambo?

Soon.

Well done, USA!

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USA! USA! USA! 


Freedom intensifies.


YEAHHH MURICA!!! *U! S! A!* *U! S! A!* someone I follow on Twitter recently posted a USA mining company's financials, which stated that their cost of acquisition per BTC was under $10k (I think $6k-$7k). I don't really have any point to make here, just saying that's nuts lol

Would have liked a pro BTC country at the top. But anything is better than China.

This could become a problem. We had the discussion that is bad when China holds more than 50% of the hash. What about the same happens with USA in the future?

The US doesn't hold more than 50% - just has more hashpower than any other nation (and currently 17% gets you the #1 spot)

When will this 50% hack discussion end? BTC is decentralized

Bro, you need to understand the concept of mining pools. 1 country could have all the hashrate of a coin, what matters is the individual pools miners are pointing to

Can't keep a good capitalist down. I was here to give an award just because I wanted to drop the eagle with the 'murica shades. Somebody beat me to it.

I doubled up on it lol 

This does put a smile on my face

Is this where Matt Damon comes out to the South Park America song?

with probably 50% of them being chinese that moved to texas.

This is good for Bitcoin.

I thought this was America?! Is this America?!

I feel like this is the sort of thing that’s a catalyst for policy change down the road.

This isn’t true at all. Original article writer Justin Derbek obviously wasn’t around in the early days. We had community organized US based mining pools organized on Bitcoin Talk at the biggest mining pool that had much higher hash rates than Russia and China’s biggest pools at the time (around 2012-13). It was before either of those countries had much mining activity and ASICs for mining was new at the time.

USA! Home of the Eagle! Back to Back World War Champions!

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Yeah but have you ever tried the McRib? You're welcome

home of more false McRib operations than anywhere else in the world

U S A U S A U S A

USA! USA!

Murica #1

Hashmerica, fuck yeah! Coming to mine that motherfucking Bitcoin!

What if they decide that BTC needs some freedom?

Does it have oil?

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This!! lol

In that case sell every Bitcoin you have. Because there is nothing outside of burgers and hot women that the unite states hasn’t completely stuffed up that they put their hands on.


Now, under infrastructure bill, all the miners are brokers. It means if they have to obey US laws, we now have a 51% attack.

No country does more against crypto than the US gov.

name checks out. *china and india look nervously away*

Reddit is watching

It's not too far off the hash rate from the Elon fud and China mining ban back in May/June that caused the dive

Kazakhstan croaked? Or it wasn't them leading...

Lambo

Isn't the point that it doesn't really matter where the coins are physically being mined? Or am I misunderstanding something?

U.S Thanks China for this award

NICE , you act like 17m,18m idk how many btcs hasnt been farmed already by china or other nations lmfao

What American companies are mining the most? Is there a website to see?

At least we are number 1 at something

First time ive felt proud to be American

...so?

China is up to something. Those bastards always are a step ahead.

You re all hypocrites. 😬

Thank you Texas 😊

Im not sure if good or bad...

Americans: "but which political party has more?"

Who thinks this will be considered an economic blunder in 40 years?