Post
Topic
Board Bitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
hulla
on 13/11/2016, 18:33:27 UTC
Hey, the words of controlling bitcoin are you mean might due bitcoin in china most dominated by a rich man? they on there having skill and knowledge for reduce expensive technology use.  And we could see example of this in make MNCs
so, they are on there create a much bitcoin machine like bitcoin miner in cheaper price. then they sell their product. so do not be surprised if they dominate bitcoin. Instead let us also make that possible
Though, I don't really understand your first sentence but I understand what you said in the second sentence. I want you to know that you're absolutely right and you get the point why China literally control bitcoin.
They may dominate the bitcoin market and the mining, but they do not control bitcoin.  To be able to control it, they would have to be able to make a decision that would make or break bitcoin, which is not the case.  All the do is dominate the market, which anyone can do, it does not mean they control it.  If they do control it, tell them to do a chargeback on my last transaction.

Smiley That's not possible  cos there is a chance of freedom in the world of bitcoin which mean the owner of wallet control his/her bitcoin and if I said China control bitcoin it simply because they put a lot of effort mining bitcoin which is the source of each sato which literally become what we call bitcoin.