Quote from: Xxmodded on December 07, 2019, 05:34:34 AM

Quote from: Vishnu.Reang on December 07, 2019, 05:11:06 AM

Quote from: aubert on December 04, 2019, 04:38:42 AM

But it is the fact that China currently controls the majority of hashes although it's far from 51% attack it could be a problem later on. However, if China really does harsh law enforcement regarding cryptocurrencies or even banned it with punishment for those who break the law. We could potentially lose a major hashes power However it will then adjust automatically after 2016 blocks and become profitable again for small miners to mine bitcoin. Actually there's nothing really need to worry about as of now and to be clear, China didn't control Bitcoin but a price manipulation with massive capital could still happen.

A 51% attack would leave Bitcoin completely worthless and anyone who has made investments in Bitcoin (including the large-scale miners) would try their best to avoid that. So I don't think that the mining pools would come together and launch a 51% attack, because it will be self-defeating for them. Only the government agencies would try something like that.

I think more than 50% population using and holding bitcoin come from China where they can make bitcoin on higher and lower price, when China make good news with bitcoin price can up without some one can stop to make bitcoin down, but when China give negative effect for bitcoin price make low and I am still don't know how China can manipulated bitcoin price.

China will also launch a crypto currency in 2020, I hope this news is the beginning of a bitcoin bull,
but what's scary is that China is making negative news, and it has been proven that China indeed manipulates the price of bitcoin