Quote from: Dissident991 on October 20, 2018, 10:01:16 AM

Quote from: suzanne5223 on October 20, 2018, 07:56:41 AM

Quote from: SimonJones on October 20, 2018, 04:21:49 AM

Quote from: airdagon on October 16, 2018, 10:15:57 PM

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency ?

Yes, China has the power to destroy bitcoins . I think, there are no solution right now but who knows someone will come up to combat this. Think positive...

You seems not to understand that it not the matter of certain country controls mining hashrate or dominate the ASIC vendors because bitcoin was controlled by the community and most of the hashrate, ASIC and mining I own by private investors. Meanwhile, they have tried to destroy bitcoin in the past, they failed and was hurt for not holding bitcoin when it reaches the last ATH.
I'm somehow disappointed for your statement as a Senior account holder.

Do you think can chinese government design the legislation that would enable them to take away located in the China mining farms from their owners? And therefore grab control of majority of the hash rate .

I dont know if the Chinese government planned a legislation to take away mining farms from their owner but I'm sure of is the reason why they banned bitcoin then which was because of bitcoin gaining more investors and traders there. Besides, people choose to use bitcoin than their national currency and all this leads to Yen devaluation and the Chinese government sees bitcoin as a threat to their national currency.