Ninjastic
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Board Bitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
Positid
on 31/12/2016, 02:11:32 UTC
Quote from: whizter on December 30, 2016, 08:20:39 PM
Quote from: RajaJudi on December 30, 2016, 03:44:39 PM
Quote from: marseille on December 29, 2016, 01:02:54 AM
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.
You must not follow the news on coindesk or some other sources of bitcoin news. China is holding more than 50% of the mining pool, as well as the amount of Bitcoin in the world. In general, they are controlling Bitcoin, and the most dangerous thing is that they can open a 51 attack any time they want.
i do no agree with you. as bitcoin is anonymous therefore no one know that which country has the most number of bitcoin uses, may be it is not China, may the Indian users are more than china may the Russians have the greater number than China and other countries of the world.
It has been said many times that all we can do here is just estimates, there's the blockchain where we can monitor the wallets but that does not guarantee that one person is only using wallet, so the estimate depends on us.