Ninjastic
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Re: Does China have a large part in the world of cryptocurrency?
by
naidray
on 08/09/2017, 04:46:25 UTC
Quote from: d5000 on September 07, 2017, 07:32:55 AM
Quote from: bitcoinmaniac52 on September 06, 2017, 02:08:31 AM
Quote from: MarkAvatar on September 06, 2017, 01:46:15 AM
China is top 1 of known of any bitcoin or altcoin activities, 2nd is Russia. No wonder they can control bitcoin price.

This is not true! Japan is the world leader in cryptocurrency at the moment, and even Bitcoin ahead of the United States, China AND Russia.

Both false. Japan is currently the "zero-fee exchange utopia" like China was one year ago, and there is some speculation frenzy there, as we can not only see because of the Bitcoin price that is often higher than in other countries, but also because of (mostly Japanese) altcoin NEM, a cryptocurrency with almost empty blocks that is in the top 10 only because of bitFlyer Grin.

But in terms of real world usage Japan continues to be one of the "lower powers": There are only 139 Japanese Bitcoin nodes. That is position #11 in the world (China is currently at #4). There was some growth from last time I checked (at the beginning of the year, Japan had about 80 nodes) but it's not near the top.
Yep, I’ve always thought of the same thing. Though I saw some articles/news contents online, claiming that Japan is the world leader in crypto currency; It really got me confused, because I thought at first it was China. By the way, I didn’t even see much drop down on the Bitcoin price after China banned ICO; so that means they don’t have a large part in the world of crypto currency.