Post
Topic
Board Economics
Re: Does China Control Bitcoin?
by
xvids
on 17/07/2019, 14:22:20 UTC
Here's an interesting article citing some recent research which claims that the majority of mining power is in China, and those miners may have some perks that others outside the country do not have.

Here's the article.
https://thenextweb.com/hardfork/2018/10/08/china-means-intent-destroy-bitcoin/

It talks about whether China could destroy Bitcoin, or perhaps use it in some other way.

What do you think? Does China control Bitcoin? If so, is it the government or no? Are these Chinese Bitcoin mining farms working together? What might China do with Bitcoin (government or no) in the future? AKA, attempt to destroy Bitcoin (would they be successful, do you think), use it to bring more wealth into the country or personal pockets, use it to attack other nations, etc?

Looking forward to your thoughts,
The Cyberius team. 
First of we all know that nobody controls it Bitcoin is decentralized.
Yes this might be true that they have a huge mining in their country but that doesn't mean that they control the whole Bitcoin market.
They are going to be consider as a Whale but we already have so many Whales do you think that they would allow a one whale to destroy everything?