Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
UPDATE: https://bitcointalk.org/index.php?topic=1465136.msg14789764#msg14789764No.Whoever say and believe bitcoin is destroyed is living under false fear and illusion.Even if mining is mostly controlled by china,bitcoin is still alive and kicking
How long this China empire will reign?
I'm sure in the future someone will break this and well, always will have someone "controlling" the mining...
Companies that are at China might control the bitcoin mining now, but the big whales do have a lot coins as well, soo they might get around 40-60% total bitcoins avaible, because supply wont happen, several lost bitcoins.