Opinion: Why Bitcoin holders have no choice but to trust in Chinese crypto miners

Which of the following two statements bests describes bitcoin mining in China:

  • It represents the actions of individuals acting independently and anonymously, who just happen to live in China.

  • Even if the Chinese bitcoin miners aren’t explicitly part of a team, the Chinese government is aware of who they are and they could be induced (forced?) to collude with each other.

My question goes to the heart of one of bitcoin’s
BTCUSD,


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