Earlier this month, the news of bitcoin banned in china is a big setback for bitcoin and it also affects the miners. Though they can divert what they currently hold in abroad exchanges still this is a major problem that complicates the investors residing in China, they are really strict when it comes to bitcoin matter that is why this a very serious matter not only for the chinese bitcoin investor but also outside the china premises because their portion has a big part on what could bitcoin achieve.
I do not see China as a country that should be making the community sweat. In fact, we give the country too much relevance. Certainly, we understand that the huge mining rigs are present there but that does not mean that is the only place miners exist.
Bitcoin has shown itself so strong that without China it would keep on going, so I see no reason why we should let news from this region raise huge issue or debates.
The joint action of Chinese miners can destabilize the bitcoin market. It is not like everyone. A big mistake that the developers did not take into account the fact that the miners can be traitors. I think that now the primary task of developers should be to decentralize the mining of bitcoin. It should do small miners but not large pools.