What we should have learned from the @Snowden documents is that every important US tech company had classified deals with the deep state. But don't worry China's Bitmain is different because Sequoia capital invested. Go back to sleep.
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Replying to @MindsFiction
Bitcoin is anarchic. State coercion undermines it. Patent law, energy subsidies, the threat of banning... Bitmain and miners competing in a free market isn't the the threat to Bitcoin. The threat of violence is why we can't have nice things.
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Replying to @Gubermensch
Agreed. Backdoors are also a problem as Bitman makes almost all the Bitcoin miners while also controlling massive hashing power. They could remotely brick the sold miners while attacking the chain and dumping coins. Destroying confidence in the currency.
11:19 AM - 1 Jun 2018
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