The mainland Chinese are able to product cheap parts for miners with cheap labour and they have almost free electricity in some parts of China. With the right connections and the right amount of money, nothing seems impossible in mainland China.
China got the biggest mining rigs for the business and they are operating profitably, and that is good to know that there are big miners that will continue to support bitcoin so we will live longer and we will not be destroyed.. By the way, the price now is great so bitcoin is basically not DESTROYED. 
Topic: Bitcoin IS basically DESTROYED - page 10. (Read 47260 times)
The mainland Chinese are able to product cheap parts for miners with cheap labour and they have almost free electricity in some parts of China. With the right connections and the right amount of money, nothing seems impossible in mainland China.
Even if I think that there's a chance miners might ultimately destroy bitcoin, the fact they are now mostly from China is irrelevant. Greed doesn't have a nationality.
Why would miners destroy bitcoin, they make money in that way, and I don't understand why would they cut the tree where they are sitting. There is no logic in that.
Greed doesn't have nationality, but not all the greedy people have suicidal thoughts. They will not destroy something that brings bread in the house.
Miners from China, for me are samw lkke miners from U.S. Both are different natiom and both are thousand miles from me.
The miners are only a part of the bitcoin network. Yes, there is a large concentration of mining in China but most of the bitcoin users are distributed around the world diversely. We all have a say....if we don't like the direction the platform is heading, all we have to do is relocate our holdings into an alternative platform which will motivate the miners to pay attention to the concerns of the rest of the community.
Just because they the ones mining ot doesnt mean they the ones who will be bolding it.
There already exists many bitcoins and that is all that is needed. You can already just buy them instead of mining so I dont see the issue here.
There already exists many bitcoins and that is all that is needed. You can already just buy them instead of mining so I dont see the issue here.
Why are people talking about "China" as if all Chinese miners live in a flatshare or something? No matter where the miner is from, it is in his interest to keep the bitcoin price stable/high. Miners investing large quantities of money and time into bitcoin-based operations strengthens the ecosystem, not weaken it.
Actually many believes chinese are behind every new pumps bitcoin is seeing right now and as due to devaluation of their currency many speculate chinese are divesting their investment/holding to bitcoin so that they can exchange it for usd easily when needed with nice profit which they can't get holding their own currency. Buy and trading volumes also always remain high in chinese exchangers.I think it's a right of every person to mine and trade bitcoin wherever they are, it just matter of strategy.
Even if I think that there's a chance miners might ultimately destroy bitcoin, the fact they are now mostly from China is irrelevant. Greed doesn't have a nationality.
Said it before, I'll say it again. The fact that majority of hashing power is located in China, means that the government of China can take control over it with very little effort and in very short time.
I don't see this happening anytime soon, but if Bitcoin is still meant to be government/censorship resistant, then this is an issue.
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
Investing in bitcoin is not riskier if you don't invest in cloud mining ponzi or other ponzi lending platforms. Being active trader, buying and selling bitcoins on every price swing will always be profitable even when price will get dumped.Though the risk of bitcoin is that the price drops when it grows for sometime but that wont make someone lose anything if he is a bitcoin trader or something like that, obviously as you said investing in a place which does not guarantee you that you will get your money back or any profits then that is not the fault of bitcoin but it is yours.
That is absolutely right. There will be some price drop of the bitcoin. But in the long term, it will rise.
So instead of worrying better to trust bitcoin and it will increase more soon..
Why are people talking about "China" as if all Chinese miners live in a flatshare or something? No matter where the miner is from, it is in his interest to keep the bitcoin price stable/high. Miners investing large quantities of money and time into bitcoin-based operations strengthens the ecosystem, not weaken it.
Actually many believes chinese are behind every new pumps bitcoin is seeing right now and as due to devaluation of their currency many speculate chinese are divesting their investment/holding to bitcoin so that they can exchange it for usd easily when needed with nice profit which they can't get holding their own currency. Buy and trading volumes also always remain high in chinese exchangers. 
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
Investing in bitcoin is not riskier if you don't invest in cloud mining ponzi or other ponzi lending platforms. Being active trader, buying and selling bitcoins on every price swing will always be profitable even when price will get dumped.Though the risk of bitcoin is that the price drops when it grows for sometime but that wont make someone lose anything if he is a bitcoin trader or something like that, obviously as you said investing in a place which does not guarantee you that you will get your money back or any profits then that is not the fault of bitcoin but it is yours.
That is absolutely right. There will be some price drop of the bitcoin. But in the long term, it will rise.
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
Investing in bitcoin is not riskier if you don't invest in cloud mining ponzi or other ponzi lending platforms. Being active trader, buying and selling bitcoins on every price swing will always be profitable even when price will get dumped.Though the risk of bitcoin is that the price drops when it grows for sometime but that wont make someone lose anything if he is a bitcoin trader or something like that, obviously as you said investing in a place which does not guarantee you that you will get your money back or any profits then that is not the fault of bitcoin but it is yours.
Why are people talking about "China" as if all Chinese miners live in a flatshare or something? No matter where the miner is from, it is in his interest to keep the bitcoin price stable/high. Miners investing large quantities of money and time into bitcoin-based operations strengthens the ecosystem, not weaken it.
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
Investing in bitcoin is not riskier if you don't invest in cloud mining ponzi or other ponzi lending platforms. Being active trader, buying and selling bitcoins on every price swing will always be profitable even when price will get dumped.That is very good advice. Those Ponzi lending site should be banned by the internet or the world authorities.
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
Investing in bitcoin is not riskier if you don't invest in cloud mining ponzi or other ponzi lending platforms. Being active trader, buying and selling bitcoins on every price swing will always be profitable even when price will get dumped. 
China selfish also here in bitcoin. they have a large mining farm and looks like they owning it now..
Also here in philippines we have found one island in the north of our country its near in our country but they want to get this island too.. and they are planning to start a war..
Also here in philippines we have found one island in the north of our country its near in our country but they want to get this island too.. and they are planning to start a war..
I know how you feel, and I know what you mean too. Because I am also a Filipino citizens, But honestly, even china has a big mining farm of bitcoin worldwide. Bitcoin will still remain as decentralized. China cannot change it, at all ever! And bitcoin will never be destroy unless end of the world comes.
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
UPDATE: https://bitcointalksearch.org/topic/m.14789764
Basically bitcoin can live million years, assumptions can be good or bad. Obviously some people wish bitcoin to be dead and destroyed, but in the
same time they come here, build the rank, and earn bitcoins.
I started to read a lot about bots, here and on some other places. Probably they are paid to post things like this, thing that bothers me is why are
they doing that, and what good they can make from this?
Bitcoin is basically pretty much alive and growing, I don`t like this kind of topics, and I don`t understand purpose of this kind of threads.
same time they come here, build the rank, and earn bitcoins.
I started to read a lot about bots, here and on some other places. Probably they are paid to post things like this, thing that bothers me is why are
they doing that, and what good they can make from this?
Bitcoin is basically pretty much alive and growing, I don`t like this kind of topics, and I don`t understand purpose of this kind of threads.
As long as there is an internet, bitcoin will be alive even there will be no users around.
Bitcoin is virtual so it can live until the end of the world as long as mentioned above.
Well we have different perspective and not all people have the same thinking that's why there will be people who will wish bitcoin will be dead or destroyed.
Basically bitcoin can live million years, assumptions can be good or bad. Obviously some people wish bitcoin to be dead and destroyed, but in the
same time they come here, build the rank, and earn bitcoins.
I started to read a lot about bots, here and on some other places. Probably they are paid to post things like this, thing that bothers me is why are
they doing that, and what good they can make from this?
Bitcoin is basically pretty much alive and growing, I don`t like this kind of topics, and I don`t understand purpose of this kind of threads.
same time they come here, build the rank, and earn bitcoins.
I started to read a lot about bots, here and on some other places. Probably they are paid to post things like this, thing that bothers me is why are
they doing that, and what good they can make from this?
Bitcoin is basically pretty much alive and growing, I don`t like this kind of topics, and I don`t understand purpose of this kind of threads.
From where I sit bitcoin seems to be pretty much alive and operatable.
Over 2% raise during the last 24 hours, that's something not only bitcoin, but also I can live with!
Hope to see more of these days!
Over 2% raise during the last 24 hours, that's something not only bitcoin, but also I can live with!
Hope to see more of these days!
Its a matter of serious concern if its true.But china is mining 80 percent of bitcoins and they would own a greater share out of the remaining 21 million Bitcoins.Hope nothing should happen to Bitcoins.
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