Post
Topic
Board Bitcoin Discussion
Re: China can destroy bitcoin
by
TheClownSong
on 21/10/2018, 12:09:49 UTC
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  ?

Bitcoin is decentralized system and any one can build their own mining. China have many bitcoin mining and it is true that they dominate hash rate but the control on price is not in china, its on market.