Post
Topic
Board Economics
Re: Does China Control Bitcoin?
by
Shimmiry
on 17/11/2019, 14:56:09 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. 

There are a lot of articles and news releases that the country china adapts the use of cryptocurrency too and it was a good idea for improvements to their country also, I guess the china is still not enough knowledgeable than the other country and crypto are supporting the use of real currency, I think most of the people in China are miners because they have a low cost of electricity than the other country