China's Impact on Bitcoin: A Young Person's Guide

Bitcoin, created over a decade ago, has seen a surge in popularity. With this growth, it's caught the attention of various adversaries, and one of the most powerful is China. China has shown it can influence Bitcoin in a big way. Let's dive into how China might threaten Bitcoin's security, stability, and even its existence. China has a strong hold on the Bitcoin ecosystem. It also controls what happens inside its borders through political and economic power. Plus, China has control over its internet infrastructure, which can affect how Bitcoin operates.Why would China want to undermine Bitcoin? Well, it might not align with their goals or values. Imagine if Bitcoin starts to challenge the traditional money system China has. They might see Bitcoin as a threat. To really understand this, let's look at a case study. This case shows just how much power China has over Bitcoin. It's like having a superpower that can change Bitcoin's future. We can also list the types of attacks China could use against Bitcoin. This helps us see the threat clearly. In the end, China has the skills and reasons to carry out these attacks.