Hi
So i've been told that - because the Chinese currently mine majority of ALL bitcoins that get mined, they have the ability to reverse transactions...
They've not the ability. Because to reverse the transaction and you must control the majority of bitcoin nodes. I think if that's impossible right now. The spread of nodes around the world still keeps the decentralized aspect of bitcoin.
Being the avid supporter of BTC that I am, I obviously fought back claiming "BTC transactions cannot be reversed" etc.
So what's the deal, is this true?
Cheers
That's true.
https://blockchain.info/poolsBTCC, F2POOL, ANTPOOL, BITFURY
I think all of them are the Chinese pools