Post
Topic
Board Bitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
Ruhtilg
on 14/09/2016, 16:38:06 UTC
I would ask, even if Chinese companies  did control Bitcoin, what is  the point? They can not derive unnatural  profits, any attempt to do so would only devalue  bitcoin and the  possibility of making profits..

They might be bribed to destroy the bitcoin if the incentive is good enough. It is my main concern of the concentration of mining in China.

I heard that the Bitmain is developing a second pool at the moment. That will attract more mining operations there.