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Inside China Business
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Comments by "DailyBeatings" (@DailyBeatings) on "The whole world now wants to mine Bitcoin. Will China let them?" video.
Because they've already implemented CDBC and don't want a competing currency. BTC only has value because people believe it has value, nothing else. Selling the machines could be the way China capitalizes on the new tulip mania...🤣
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Or secure a cypto currency among a certain group of countries with a shared interest like BRICS? By doing this you wouldn't be trading one master for another, so buying into the idea would be much easier...😎
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Limiting the mining rigs won't work since they can be build somewhere else, Of course they would be more expensive, but as a percentage of the total cost to mine bitcoin it's negligible.
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