the removal of china would be an extremely positive development for bitcoin apart from short term difficulty adjustment armageddon.
they haven't brought anything positive to bitcoin. they centralised it, pumped and dumped it via their casinos and have contributed nothing to development.
Topic: BTC is amazing. But... - page 3. (Read 1490 times)
There will be a temporary disruption in the market of course. But I don't think it would take long for that mining power to move out of China into other countries.
Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?
Do we have any availible plan to protect the great-BTC-chain?
What can we do?
Do we have any availible plan to protect the great-BTC-chain?
LOL. I don't think that the Chinese would isolate themselves again. They have done it before but when they open the doors China exponential growth was realized. And if such scenario happened, then we can adjust to the situation. We might as well found another country with cheap and abundant supply of electricity taking over the mining from the Chinese. I think a lot of individual would love to put up mining in different continent because right now we are totally dependent of the Chinese mining industry. We will create alternatives to sustain bitcoin ecosystem.
There are many miners spread all around the world and just as many merchants and bitcoin users. China might dominate
Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also
not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.
Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also
not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.
Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?
Do we have any availible plan to protect the great-BTC-chain?
What can we do?
Do we have any availible plan to protect the great-BTC-chain?
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