Quote from: franky1 on January 11, 2017, 05:03:55 PM

Quote from: megynacuna on January 11, 2017, 04:52:51 PM

Quote from: solteykr on January 10, 2017, 05:27:03 AM

Is China trying to control Bitcoin?

It's evidently clear because they control the largest part of the bitcoins network, I learnt just 3 Chinese mining farms control about 70% of the entire bitcoin network so in effect they are in control and decentralization is at risk.

?they?
what if i told you that slushpool. many classify as part of your THEY.. is actually managed by a guy in thailand..
another pool manager is in mongolia. and another pool manager travels between europe and america.. where each of them have stratum servers dotted around the world

1.3billion people do not own bitcoin.. only a few people do and those few people do not all live in the same house eating the same bowl of rice.

the individuals have separate lives living hundreds/thousands of miles apart from each other and are actually competing against each other.. not colluding with each other.

in short. there is no chinese "they".

whats next every american is a KKK member purely because a few americans are that racist... fine you deem all of america KKK members under your mindset.

whats next every italian is a part of a mob

But, "they" can join themselves to control Bitcoin, why not? It's not impossible and free market allows this. All depends the will of each one of the members of "they" group (chineses). If they want they will be partners on it to try rulling Bitcoin to make big money while the only thing another people can it to follow their lead trying to predict what will be their steps.

If the chineses living in different houses join one only big house they will be stronger and more influential over crypto-currency world, over Bitcoin.