Quote from: Betwrong on May 10, 2016, 12:07:12 PM

Quote from: markj113 on May 09, 2016, 07:12:14 PM

Quote from: Betwrong on May 09, 2016, 07:05:44 PM

Quote from: Donu on May 09, 2016, 05:33:42 PM

Should we be worried? Should we trade our BTC now for other coin like ETH?

Hundred times NO. Why the fact that most Bitcoins are mined now in China should be a problem? Most diamonds are mined in Central and Southern Africa and how exactly this affects the valuableness of diamonds?

If you want to use diamonds as an example then de beers basically controlled the diamond market for a long time.

They maintain an artificially high price through the restriction of supply although they recently lost control and the monopoly.

Exactly. Same thing might happen to anyone who will try to controll Bitcoin. Also when de beers was controlling almost everything in the filed of diamonds people wouldn't throw away their diamonds and they wouldn't stop buying them, right? What I'm saying is that IMO it shouldn't a big problem to Bitcoin if a corporation controlls large part of them.

Yeah its not a big problem the problem there is no one holding big bitcoin so we can call it destroy and i think it is good news for chinq holding or controlling big amount of bitcoin it meabs they adopt to much count of btc and it can be strong fundation so that bitcoin will not totally destroyed or going down,