China's recent crypto ban is presumably part of a short-term strategy to stop Bitcoin competing with its current CBDC role-out. Many think China's current attitude to Bitcoin is a serious miscalculation. However, given that the Chinese mindset is essentially "control what can be controlled & destroy what can't be controlled", I'm now left wondering about China's longer-term Bitcoin strategy. Could they be contemplating a future without Bitcoin, brought about by a concerted attack using weapons based on EMP technology? Many articles have discussed diverse potential threats to Bitcoin, but so far I've not seen any evaluation of potential threats to Bitcoin resulting from a global EMP attack. Is this a real possibility?
Deep dive: Owning Bitcoin
China's recent crypto ban is presumably part of a short-term strategy to stop Bitcoin competing with its current CBDC role-out. Many think China's current attitude to Bitcoin is a serious miscalculation. However, given that the Chinese mindset is essentially "control what can be controlled & destroy what can't be controlled", I'm now left wondering about China's longer-term Bitcoin strategy. Could they be contemplating a future without Bitcoin, brought about by a concerted attack using weapons based on EMP technology? Many articles have discussed diverse potential threats to Bitcoin, but so far I've not seen any evaluation of potential threats to Bitcoin resulting from a global EMP attack. Is this a real possibility?