There are many miners spread all around the world and just as many merchants and bitcoin users. China might dominate
Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also
not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.
Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also
not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.
Indeed there is no need to worry about Chinese. No offence but they sure no the consequences of this fact that abondoning mining within china (biggest one) can lead to chaos in their own economy. The reason is simple, people in there already have sat up big rigs with huge amounts of investment. That wouldn't be good impression by the government on the youngest or sponsors.