Quote from: vero on September 06, 2016, 02:49:40 AM

Quote from: Bitcoinpro on September 06, 2016, 01:59:26 AM

what a dumb thread why has anyone posted in here?

""Bitcoin is basically destroyed now with 70% of the mining controlled by China""

going by this metric you would have to be atleast semi-retarded

why wasnt the thread deleted Huh

??

as long as there are still investors who want to buy bitcoin and hold for long periods of time does not need to worry even 90% of mining is controlled by china.

Some day in the next century when the difficulty gets so high, we might all be grateful for the Chinese investing so much into the network.

Maybe by then, solar electricity and better ASICs will lower the cost of mining as well.