alt Hacker NewsLike it or not in the end it will just be BTC. China will stop exporting Bitcoin mining tech. Nation States will dump money into proprietary BTC mining tech and keep it to themselves just like military tech. The US needs to see this reality and focus on domestic BTC mining tech like the future depends on it.
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It comes down to semiconductor manufacturing, not ASIC design. Taiwan, Korea, USA are still on top.
LOL. The Sam Altman plan. Or the US could just put Bitcoin on the Entities List and forbid any US citizen and any US owned entity from investing or trading Bitcoin and Bitcoin derived financial instruments, probably force 25% or more of the Bitcoin money to pull out, crater Bitcoin value, and not perpetuate this atrocity against nature and humanity.
"Democratizing finance" my a**.
why? the easy solution is to let china monopolize bitcoin mining, and the value of bitcoin crashes. then the USD will stand unopposed and the chinese will end up with a bunch of useless equipmemt