Bitcoin vulnerabilities explained by WIRED
Suppose Bitcoin were fragmented into 10 smaller blockchains, perhaps by geography: one in China, another in the US, and so on.
@key This article misunderstands quite a bit about bitcoin. Bitcoin has already been hardforked (“fragmented”) many times into many smaller blockchains and is not existentially threatened by this. “Fragmented by geography”? Does the author think code will be stopped in one part of the world and not in another part, especially when the code is tied to monetary value? To imagine a “bitcoin in china”(a Chinese Bitcoin), “bitcoin in usa”(an American bitcoin) or a “Russian bitcoin” is simply an old way of thinking that cannot process a new reality already happening. A Chinese Bitcoin would essentially be the CBDC of China and would not exist as any form of “Bitcoin”. If an article prefixes geography or a country name in front of Bitcoin, the authors do not understand Bitcoin or CBDC (central bank digital currencies which are not bitcoin).
I think he means that government has the power to force local miners to support a fork of BTC, and that fork will be controlled by local miners. The global community will not consider this fork as real BTC, but ppl on that territory could accept it under different circumstances.