Okay coming back here with the recent China Ban Bitcoin again FUD from China. Is this a good thing now for Bitcoin Hash rate becoming decentralized now?

China has cheap electricity so which countries the chinese miners will move to that also has cheap electricity so the chinese miners can continue mining btc if China really goes ahead with this FUD?

Who the hell are the Rainbow Foundation? I googled it and its a LGBT group?

China has done this before. Banning their crypto has no effect on the market now at all.
They make noise every now and then to manipulate the market, but they have been mining cryptocurrency for their own needs.

As you can see, China has recently banned financial and payment institutions that provide services in cryptocurrencies. This is a very bearish announcement for the cryptocurrency but the announcement did not have the desired effect on the market. So it is clear that their announcement does not bother investors much anymore.

I think China could take over the bitcoin network. This is a country with a developed science and technology. China has a lot of talented computer engineers. They can do a lot with bitcoin virtual currency. The bitcoin market is thriving in China. The Chinese government can regulate the bitcoin market. The proof is that the Central Bank of China does not accept bitcoin transactions. It caused the market to plummet without brakes.

China is probably still the leading territory for mining farms. However, it doesn't mean that Chinese authorities have any control over mining. Moreover, it's not as easy to perform a 51% attack as it may seem because it'll require massive resources. And while technically possible, it'll probably last only briefly and all those resources will just be wasted.
As for Bitcoin decentralization, I think it is NOT about mining but about ownership of the coins by people and entities all over the world, and also about there being no single authority that could simply shut the network down or change the rules.

OP, You are obsessed with China ..... and it is not a issue at all.

Yes, ASIC chips that are used for mining are manufactured in China, but a lot of those chips are exported to other countries. There are massive mining farms in Iceland and other countries too, so all mining are not located in China.

The Chinese government can seize all the mining equipment in China and it will not have an drastic impact on the security of Bitcoin. (Doing a 51% attack on Bitcoin is almost impossible now, because it requires a huge amount of hashing power ...and even if they succeed.. people will shift to other Pools to protect Bitcoin.)

After their first double spend, developers will make some changes (possibly a hard fork) to spoil their attack (That was something Gavin Andreson said, when he was still lead developer of Bitcoin) ... or people will simply shift to another Alt coin or hard fork to another new coin.

It will cost them an awful amount of money to sustain an attack like this, so I cannot see that this will continue for more than one day.  

But if electricity isnt cheap in other countries where the Chinese miners migrate to then this makes mining unprofitable right so chinese miners will ditch bitcoin mining right? If chinese miners ditch btc mining then wont this affect the security of the btc network?

Which countries allow Chinese nationality citizens to migrate there without a visa?

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How much does a Quantum Computer costs and how much energy a Quantum computer takes in relation to Bitcoin mining?

When you say it will cost them a awful amount of money to sustain an attack then how much approximately in $millions will it take to do such an attack on Btc?

[moderator's note: consecutive posts merged]

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Now  China Govenment take more policy to forbide Bitcoin mining.
More mining pool will be closed.what we worried will be truth.

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China is a clever country not dumb. So I don't believe they will shoot themselves in the foot by erasing all association with bitcoin from their country.

I believe China govt. or the Chinese central bank has 100,000s of bitcoins in their treasury reserves secretly stashed away. They realised Elon Musk energy FUD tweet can affect bitcoin prices so they don't like that so they playing ball by kicking out all these so called dirty killing the planet btc chinese miners forcing them to go other countries to use renewable energy then when btc reaches 50% renewable energy like what Elon Musk has said then China will unban bitcoin again and invite btc miners back to their country later on this year I guess. Think about it this is good for Bitcoin as they are putting on a show trying to save bitcoin by showing that they kicking out the dirty killing the planet miners making the country look green so China can participate in green trade deals with other countries in the G7 summit then when bitcoin becomes green with 50% renewable energy like Elon mentioned above then everything will be back to normal with bitcoin.

The Chinese Yuan CBDC can run parallel with bitcoin as Bitcoin is not designed to be a currency but as a store of wealth asset so the Chinese govt. know bitcoin is not a threat to their CBDC.

Add to that Elon is a clever dude also. He wants bitcoin to succeed but he knows that their will be energy FUD against it in the future hindering btc price progress and Elon also knows China control much of the BTC hashrate that can also affect btc in the future as he tweeted on these 2 issues a month or 2 ago. Elon thinks bitcoin is not truly decentralized cause China controls most of the hastrate so his clever tweets got the Chinese government in action to make bitcoin proper decentralized and make bitcoin look green.

Think about it if Elon didnt tweet this energy FUD then someone else would bring up this FUD later in the future and that can be the US government or Biden which is much worse so its best to deal with this energy and decentralization FUD out of the way 1st so Bitcoin can truly flourish.

I dont believe all this FUD's are random events by chance, just look at the coordinated timing of all of this so no way these FUD's are coincidences