Quote from: BitconAssociation on May 08, 2016, 01:21:01 PM

Quote from: traderbit on May 08, 2016, 01:16:59 PM

Quote from: BitconAssociation on May 08, 2016, 12:55:11 PM

Quote from: traderbit on May 08, 2016, 12:51:24 PM

China can have most of the bitcoins and most of the transaction but i don't think they will destroy bitcoin, what will they do after destroying bitcoin?

Count the IRL actual money you gave them, fart through silk, and laugh?
You do understand that when teh halvening commeth, mining will become unprofitable for most miners until roughly half of them go out of business, correct

There are some other factors that will affect the number of bitcoin minner being alive, if the price of bitcoin doubles then the miners will still get profit, there will be produced higher quality of miners and the mining will not be stopped by an halving.

Right. And if the price halves? Or do you think the price will double just because miners want it to double?

So good, that Bitcoin has this pretty smart mechanism called difficulty, which will correct any changes of mining power within 2 weeks.