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Nationalise all companies who have significant mining capacity and invest hundreds of millions in new mining rigs. It would be a terrible idea but I think it would be theoretically possible.
Would the companies just accept this? Would Chinese officials accept bribes? I think it's a hell of a lot more complicated than just seizing everything.
I mean it would be extremely messy but it would probably work. The question is why they would bother given that there are loads of downsides and no obvious upsides?
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