A new research, conducted by International Universities of Princeton and Florida shows that China has both “capabilities” and “motives” to perform a numerous attacks against bitcoin.
As one of the reasons why China may destroy bitcoin — ideological basis:
“Bitcoin stands in ideological opposition to China’s centralized governing philosophy, so they may be motivated to weaken or destroy it to make an ideological statement. Targeting specific users for deanonymization and censorship would allow China to crack down on illicit uses of Bitcoin.”, — said in the research.
The research also shows that due to the amount of Chinese pools, China may finish with the help of “51-percent attack” not only the epoch of bitcoin, but the whole crypto industry as well.
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