Much less so, partly because of the nature of the CCP, but mostly because the global financial system is not hooked into the Chinese financial and regulatory system in the same way.
*Centralization* per se (or 'ceteris paribus' perhaps better here) is always a bad thing for bitcoin ofc.
USD economy is 26% of global economy in the 4% of global population.
China is 18% of global economy in the 17% of global population.
Centralisation around 17% population would be much less centralisation than around the 4%, don't you think?
Anyway, the rest of the world deserves a decentralised bitcoin. We don't need the US to centralise bitcoin in order to 'protect it from attacks'.
No thanks.
🫂
