Hello everyone and welcome to the crypto editorial all week long yesterday we talked about I'm going there we're going to take a little break on China and the monopoly it has and especially the dangers that this monopoly can have in done on the rest of the world on the entire nikkei but before that we can look at a great site of the university of cambridge which talking about the bitcoin mining map I take a look at the idea is to map the major poles where I am the most in the world or like you see one in France we are not here are popes in the big big spots of game but on the other hand of course we let go and if we dig a little deeper into the site they show us that today scheinin china accounts for 60 5
8 percent of all global mining what is enormous is to put into perspective of course we will see it a little later in the video I wish you a great episode a very important point to note before embarking on the explanation is that today I will remain very theoretical the whole program of this video is based largely on the study who made Gregory and the very complete article he did is that I put directly in the box just below you are used to but we do not not going to speak precisely of experience of real things zones in matter is it rather in theory and in practice bitcoin is china sign long story of I love you me neither which goes back let's say in the facts that today we will be dealing with 2015 since already at this time China concentrates and most of the hash power in relation to the world and the given this situation we saw a little bit in the introduction the Chinese government could make a position to disrupt the decentralized functioning of bitcoin at a time one by means of pressure economic policy is also technological let's start with Indian actions which are not born directly from the will government to destabilize michael but which are born from politics general of the republic of china vis-à -vis new technologies the premiere wants to be big so no this is not the last movie with matt damon disguised years oral tomorrow but rather a weapon only drinks that uses China to protect centralized all of its information and internet within the and filters censor all incoming and outgoing information but the great wall of china but there it is the same but on the internet I tried the joke not serious what I have the right the second great weapon we remain in the muscular vocabulary of weaponry with drake canes where the large barrel that allows it to inject directly into the network of malicious codes and also allows to trigger attacks by mini server or ddos ​​by there the Chinese power all the same a wall and a cannon to be able to bouvier the whole system a little but that was created as we said earlier long before bitcoin was not intentionally to target this technology had all the technologies in general and when we speak precisely of this shield and from this canon some specialists hypothesize that China has already sao employee that at least this famous great wall has already had an impact on the bitcoin is there going back to April 2015 and June 2007 because of its impact direct on the bandwidth available in china the great wall could have had an impact on the behavior of Chinese miners in small parenthesis before moving on targeted attacks and you ask yourself the question why the China would have an interest in acting on bitcoin you will tell me that it is a a little far fetched but China in its ideological context wishes to promote the centralization of the power of information and control and there we are in front of a decentralized technology suddenly then is between quotation marks all to destroy in quotation marks or take the power of bitcoin by saying well in fact look at decentralization does not work what works the only possible governance is governance centralized that's an observation it's not inevitably the reality that is not demonstrated in the facts between quotation marks but here it could be one of the ideological reasons to want to interfere directly in bitcoin precisely what would be these possible attacks think this time first the punitive orting attack if the power can control more than 51 power of hash freight it can balance this type of attack in this case the Chinese power of the regime in place in China establish and a list of addresses for which transactions would not be included in the blocks banning them from network facto when we also talk about fork and this dominant position would allow a system to be put in place where minors controlled by the China will try to submit blocks imposing this type of censorship that this technique her her name is the fiso forking attack I stopped there in term of possible structured attacks and indirect attacks as we have seen with the current technological context of China but let's try in terms of conclusion like that to transport ourselves to the time when bitcoin would have taken an important place economically world this preponderant place there that we have mentioned several times today will allow China to destabilize financial institutions via bitcoin and even states that would be part of this news global economy thank you very much for watching this episode on china it's a little cycle that I want to do we will probably talk about the crypto yen we will probably bet on the block chain also used in china here i am going to sprinkle his little episodes in the weeks and months to come if you have any questions and even look at articles to share you put them in comment you will do pleasure to discover them and react to discuss with you on them until with it's always nice even if it is august we do not forget we are in his deckchair we put him anyway eh that's it, I'm telling you see you next week ciao
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