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...
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
Just because majority of mining farms located in China doesn't make them Bitcoin super power. They are not working as cartel, nor thus their government leading them. So it is just mere possibility or speculation to say that Chinese controlling Bitcoin blockchain. The Chinese miners are as similar to other miners working in different countries.