Could the Chinese Govt take over the mining of Bitcoin?

[emma.lee1890]

It is very much possible for a communist government like China. They are infamous for violating human rights. For reference, you can check out the current situation of Uyghurs Muslims in Xinjiang. Every possible human rights are being violated for them by the Chinese Government and they are being denied even the basic requirements of life. So it is very much possible for Chinese government to forcefully take over the mining operations under their own control. Probably this is unimaginable in first world countries, but very much possible in China. If this happens, it would not give us a positive impact on the market.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!

[bhm45]

Chines government wont ever take over mining of bitcoins. China as a whole is banned from using crytpocurrency ,hence how will such a government contradict itself and turn around to take over mining of bitcoins.

[waitingforday]

Even if they do it. So what?

[Citysatoshi]

Even if they do it. So what?

For your notice, population matters very much even in cryptocurrency development, and if the number of holder of bitcoin and any altcoins are high in a particular place ( country), they could control the price just like how the few whales could control prices sometimes.

[simplex]

 I  think bitcoin is now over a decade old and has yet to suffer any type of successful hack or attack, which has fed market perceptions that Bitcoin is completely secure.

[aji678]

they could do it because they have the capability of doing so as a communist government, but in a possible scenario like that the community if still believe in decentralization would make a reaction to shift it.