Post
Topic
Board Bitcoin Discussion
Re: Could the Chinese Govt take over the mining of BTC?
by
Pan Troglodytes
on 18/06/2018, 12:14:01 UTC
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!

They would be able to control it and maybe set bitcoin as a world currency after USD is dethroned? Actually, it wouldn't be that bad, would it? Isn't it something we hodlers are all waiting for, that Bitcoin becomes world currency?