Bitcoin isn't decentralized
The article seems to focus on China&#x27;s share of the miners, so I&#x27;ll address that: I&#x27;m not that concerned about the Chinese miners. If they wanted to disrupt the network they have had plenty of chances to.<p>The author assumes that all Chinese miners are controlled by the same entity. Which, while I do believe that the Chinese govt. can shutdown any miner they want to, I don&#x27;t believe that 100% of the miners are operated by the Chinese govt. If you break down the pie chart into the different Chinese entities that actually operate the miners it begins to look more decentralized.<p>After reading the paper that was posted here the other week about forking the network using BGP to effectively create two sepereate Internets, I think that if a country did go rouge, we could all just set our firewalls to drop all connections from Chinese nodes and that would be that.<p>Let them run their own chain where they can manipulate their coins price like the do the yuan.