China can't control bitcoin, it is freely tradable so any people can just buy it.
BTW, I heard that CIA or FBI has a big chunk of it, as they are kinda involved in the beginning... which is scary.
I think China can control bitcoin because users from China more than 51% of the total bitcoin stok, we can see from exchanger from China always infect the bitcoin price.BTW, I heard that CIA or FBI has a big chunk of it, as they are kinda involved in the beginning... which is scary.
No, even China has that percentage of total stock of bitcoin or most of the miners are found there. Still they don't have control for bitcoin but they can do something to make some waves on the changes of bitcoin but that is not going to be effective immediately. The effects of their contribution within the price of bitcoin is happening slowly and not that very fast.
On 28th December, Chinas Premier Li Keqiang signed the Initiative of Chinas Information Technology Application, which is part of the 13th Five-Year-Plan for Social and Economic Development of China. Blockchain technology has been officially listed in the initiative. The five-year-plan is the most import national strategic guideline for Chinas social and economic development. The 13th Five-Year-Plan sets the tone for Chinas development for the period from 2016-2020.
http://news.8btc.com/blockchain-technology-included-in-chinas-most-important-national-strategy
Yes, this will be supporting the rumours about their own crypto nation. So, we will see the other hyper ledger will be born in the hand of the Chinese. Interesting for watch.
Chinese has done all in bitcoin, 51% attack, Ignoring SegWit, and what's next?
A new revolutionary system has compromised by blockchain will be functioning with itself.
