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.
this is the ironic 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.
and if this thing will happen, we need the hardforking decentralization
Quote
If the Chinese government assumed control of domestic hash power, this property would grant them an advantage in selecting blocks for the ledger, which is important for some types of attacks.
we know in bitcoin, in decentralization system , we will see real deliberation, and the more vote the easier it is for you to handle the network of bitcoin, so int this case, chinese can doit, but i don't think all mining pools in chinese held by one person, and im sure this thing will not happen.