Are Chinese spies setting up a supercomputer right next door to our nuclear missile base? That's far above my pay grade!
Yet I can't for the life of me understand why we'd risk that. We have local people capable of running a Bitcoin operation: people that live here, that laws can hold accountable if something goes wrong, people who the CCP (Chinese Communist Party) can't control or extort.
Meanwhile, China’s dictator Xi Jinping has commanded his military to be ready to "fight and win" a war with the US.
What would happen if roles were reversed? If an American tried to build a supercomputer next to ICBMs in China, how would that go? Would their utility companies welcome us and give us favorable terms? Would they respect property rights and the rule of law, allowing disputes to play out in court? Of course not! None of the above.
The CCP sees America as such a national security threat that their government officials aren't even allowed to use iPhones. When Xi Jinping visits a city for an important meeting, their police and intelligence services clear out any Teslas within miles of him! They don't let their people search on Google, browse Wikipedia or add a friend on Facebook – all those websites are blocked for the whole country of China.
Shouldn't we treat a self-proclaimed adversary with the same level of suspicion and paranoia they extend to us? If Chinese entities want to mine Bitcoin, they can do it in their country, using their energy. Oh wait, no they can't - it's not legal there.