OK, apparently they do see the writing on the wall. The Foudry U.S.A. mining pool (with 32% hash rate) will receive a ton of pressure to censor transactions once Bitcoin is used for Russia-China trade at significant scale.

https://www.cnbc.com/2024/07/30/russia-considers-legalizing-crypto-as-a-form-of-payment-amid-sanctions.html

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Guess they better spin up their own pool. Nation state game theory, etc., etc.

I also suppose it’s fortunate for them that Bitmain is a Chinese company.

Indeed!

Interesting times for Bitcoin are ahead.