Quote from: boyptc on June 06, 2016, 02:00:26 AM

Quote from: Butterynoodles on June 05, 2016, 08:19:28 PM

Well just because of China controlling most of the hashrate and bitcoin does not mean that the crypto currency itself is destroyed.

Yeah, that's true. Let's admit it that China has a big percentage in bitcoin for most of the miners are Chinese. But still bitcoin will not depend on their
manipulation. Still we are here all of us who are using bitcoin and we can contribute to the big rise of bitcoin. And bitcoin being destroyed is just
an overheard rumor.

It doesn't matter what nationality the miners are though.

Are you guys retarded?

Having a large portion of mining power in a single geographical location (or country in this case) means nothing. It means nothing having all the hashing power in the US, Russia, China, Germany, whatever. If they were all a part of the same pool it would matter, but to my knowledge not every Chinese miner is a part of the same pool and would just switch pools at the flip of a coin.

Explain to me why the hell it matters having a large portion of the hashing power in a geographical location.