Quote from: Ranly123 on July 24, 2019, 05:44:53 AM

Quote from: DigitalCyberius on July 12, 2019, 06:14:26 AM

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.

I don't think China holds and control the flow of Bitcoin. Yes China has a vast user of cryptocurrency compared to other countries but it does not mean they control something like bitcoin though.

I think the same thing as you. It is hard for China to control bitcoin because it will need big money to have bitcoin or to buy bitcoin. Although they have a big mining company in the world, they still cannot control bitcoin. They are trying to regulate bitcoin and want to buy as much bitcoin, or they want to mine bitcoin by their hardware. That will happen too with the US, which wants to regulate bitcoin. Bitcoin is free for all people, and no government can control bitcoin, I guess so they could only ban bitcoin from the people used.