Quote from: handsomes on June 24, 2018, 11:14:26 AM

Quote from: somacoin on May 08, 2016, 09:06:03 PM

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

i think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low.

Just because China holds a large amount if bitcoin miming facilities in their territory doesn't meant gey are directly co trolling the price and even so the power of bitcoin. The power they have with bitcoin is the same as ours only. And that is being able to become a part of the increase or decrease i bitcoin's overall value. After all, bitcoin is most known as a cryptocurrency with a decentralized nature which makes it impossible for this country to milk money from bitcoin.