Food for thought, people must think that Bitcoin cannot be controlled by the government but have they actually thought about it?
let's break it up into small pieces, When Satoshi Nakamoto developed Bitcoin he designed it so the blocks would be at 1 Megabyte for a reason so computers all over the world can provide these transactions. But the easiest way for a government to take over Bitcoin is too hard folk the chain and increase the block size so the regular computers will not be able to process these transactions after the blocks get too big too fast.Of course the network would be super fast but only the large operations with the means of running a $20K node will be in control of the network and it could end up being centralized.
This creates some vulnerabilities if there are fewer nodes, hacking #1 can wreak havoc on the whole network #2 also government can keep tabs and manipulate the network.
The more nodes around the world which means people who are running ASIC miners in there houses create security, if we take all those ASIC Miners and put them into 1 building that building has control over the network “hashrate”. If people are to remain in power people need to be in control of the nodes.
There's only three things in this world that the government can do to control the Bitcoin Network:
1)- turn off the grid power
2)- turn off the internet
3)- take the whole network and put it into one area & Control and manipulate that Network.
4)- the government will HODL all the coins
Please share your thoughts :)
