The Chinese work as decentralized large nodes
competing against each other
great for bitcoin
Everybody confuses it with One entity, whereas though I am sure the state gets something
Whats scary is when you start hearing of miners being paid off and corrupted to switch bitcoin to BCH, but thats only a rumour
Right about the competition, it's all about face with these people. I personally find it disgusting and being that an in-law of mine is Chinese I get to see it in all its craziness.
miners being paid off, I hope not. But paying off won't work, they will take your money and still fuck you over, so that probably won't matter.