Post
Topic
Board Economics
Re: Does China Control Bitcoin?
by
Pearls Before Swine
on 01/12/2019, 18:16:36 UTC
whether China could destroy Bitcoin, or perhaps use it in some other way.
All the news I'm hearing out of china lately has been negative to say the least, but there's no denying how much power they wield economically and politically.  Part of it is just by the sheer number of their population, which is incredible.  They have a *ton* of bitcoin miners, but it isn't like those miners are part of the chinese gov't (at least as far as I know), so I doubt they have malicious intentions as regards bitcoin.  It's very much in the miners' interest to support bitcoin and hope it makes them a profit.

I don't trust them, tho.  Never have.

Chinese people are highly industrious people, very hardworking is an understatement.
Totally agree with that and I base that judgement on all the chinese people I've met over the years.  I have a lot of respect for them.  It's the chinese gov't that I don't like or trust.