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Author: Admin | 2025-04-28
To maximize profits. However, an operator can also ignore or blacklist transactions from certain bitcoin addresses.When a group of miners control the majority of bitcoin computing power, they can launch a cyber operation called a 51% attack. This type of attack can manipulate the bitcoin blockchain in various ways including preventing new transactions from being confirmed and reversing transactions. This year, Chinese-operated mining pools controlled over 58% of bitcoin computing power.Merging the Chinese monopoly on rigs and majority control of bitcoin computing power, the national security risks to a strategic bitcoin reserve should be clear. Possible scenarios include the CCP knocking American miners offline, overwhelming the U.S. power grid, reversing or blocking U.S. strategic bitcoin reserve transactions, or simply banning the export of rigs to the U.S. These scenarios would result in America's strategic bitcoin reserve rendered unavailable during a time of crisis.Just as, undoubtedly, Americans would balk at a strategic petroleum reserve that is dependent upon Iranian-built pumps and transported using Iranian-controlled pipelines, Americans should reject a bitcoin reserve that is dependent upon China.Potentially, some of the national security concerns could be addressed by ensuring that U.S.-manufactured hardware and software unadulterated by the CCP is exclusively utilized for bitcoin "mined, minted and made" in the USA. However, increasing the market share of American-made bitcoin infrastructure would require a major shift in investment and should spur debate about whether this is where American ingenuity and resources should be directed.Put simply, a bitcoin strategic reserve relying on the current state of
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