pull down to refresh

That's more or less the message from the video.
Still, it wouldn't totally surprise me if a country attempted something like this. Could we see China make a copy of the code, mine up a ton of coins, and then peg/replace their currency with their own bitcoin network?
That would eventually fail, but it might be a step along the path we're on.
I guess that's possible if there is catastrophic failure of a currency, a country could try to legitimize their trash by claiming to peg it to their version of bitcoin.
reply
We all hope something like that would fail, but it's not guaranteed. Not to give them any ideas but they produce so much of what the modern world consumes that at some point they can require their trade partners to pay in whatever currency and enforce whatever exchange rate gives them the best deal. If they continue to outcompete everyone else then this becomes a real concern.
reply