vijay on Nostr: Ok, but what’s the practical implication of this abstraction? Hash power replaces ...

Ok, but what’s the practical implication of this abstraction? Hash power replaces military power? China can take your Bitcoin by putting a gun to your head and demanding your private keys! Hashpower is irrelevant there! And you can’t really claim a boating accident and then live off your Bitcoin if the PRC is standing over you and monitoring your every move.