Topic: Can Bitcoin be created by Russia or China? - page 5. (Read 5643 times)
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we can wondering that bitcoin maybe created by rusia or china because they have the technology and they have capability to created this. but we never know about this and we don't know what is the potential of rusia and china could do that, i am sure that china is really potential because in china we can found new technology and we know that hardware mining in china is the newest than the other country.
Replicating Bitcoin is a very difficult thing to do. Most altcoins have been trying to do this for years, and none of them succeeded in doing so. Even currencies that developers consider to be superior, such as ZCash, have had a poor market performance in the early months. In fact, it managed to be the first cryptocurrency to be worth more than one Bitcoin, but the performance that the currency had in the market after that was very bad, and many investors lost money in that.
I remember that time and been watching it, too bad for the investors who lose there money, they did not realize that bitcoin has gone so many ups and downs, hence it should be the most and valuable currency in the crypto world. Whatever altcoins may come up, it will only make bitcoin more valuable and the popularity will be credited to bitcoin as it's origin. 
Replicating Bitcoin is a very difficult thing to do. Most altcoins have been trying to do this for years, and none of them succeeded in doing so. Even currencies that developers consider to be superior, such as ZCash, have had a poor market performance in the early months. In fact, it managed to be the first cryptocurrency to be worth more than one Bitcoin, but the performance that the currency had in the market after that was very bad, and many investors lost money in that.
Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Generally, there are always governments behind such technologies. For example, StuxNet
Wow! it could happened :O i mean both are powerful countries and bitcoin is popular now its a easy money and you can even use bitcoin to pay your tax maybe that would happened my friend that erase the dollar and the bitcoin will reign supreme in this world if that happens well we really be able to easily pay our tax and easy way to pay grosseries
but really bitcoin will be all over the world and the past bitcoin user will be rich by the time being we must store our bitcoin in the future it will be a higher price Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Generally, there are always governments behind such technologies. For example, StuxNet
Russia and China as well as other countries can replace the dollar currency if there will be financial collapse in the United States. Another thing is for China and Russia to join hands and bombard America with Nuclear bombs then the dollar currency will lost its value when that happens. But instead of thinking of such negative things let us just wait for the natural movement of the economy to dictate who will be the next universal currency.
If those 2 countries nuke USA there will be nothing left to have an economy for. both of them are free to mine bitcoin but we can only have one bitcoin not many.On top or under you can get scr**ed regardless, dollar be the dominant paper money or something else it's all the same.
In theory yes but for sure no,There was very popular digital currencys in China before bitcoin.Russia there is a famous qoute from 1917 i think Lenin told that. Money in hands of our enemy can be dangerous weapon
money in hands of people is dangeous enemy
money in hands of people is dangeous enemy
Yes as we know that Russia and china is more powerful than other countries in sense of technology so it may be they also use bitcoin for online transection of money.
Same as bitcoin China or Russia won't develop a new coin, because every country has varied needs and varied economic strategies. China's own Blockchain based trial coin by Peoples Bank of China with several other banks of the country has been tested successfully. Soon can expect the fiat in digital form. Russia too adopts technology rather than the coin.
Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Generally, there are always governments behind such technologies. For example, StuxNet
Russia and China as well as other countries can replace the dollar currency if there will be financial collapse in the United States. Another thing is for China and Russia to join hands and bombard America with Nuclear bombs then the dollar currency will lost its value when that happens. But instead of thinking of such negative things let us just wait for the natural movement of the economy to dictate who will be the next universal currency.
bitcoin creator can anything country
because bitcoin still anonymous, satoshi nakatomo only name anonymous, you can't know is him, man, woman and where from county nothing person known about satoshi nakatomo
because bitcoin still anonymous, satoshi nakatomo only name anonymous, you can't know is him, man, woman and where from county nothing person known about satoshi nakatomo
Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Has bitcoin really challenged the US dollar dominance?No not yet atleast as most of international trade is still done in $.Generally, there are always governments behind such technologies. For example, StuxNet
Bitcoin adoption by individuals will never challenge dollar dominance unless it is adopted on government level.
I think the OP meant if bitcoin could be created in Russia or China. We know that China is #1 in mining in the world, whereas Russia is famous for good quality videos about bitcoin. Moreover, there are many Russians in online btc casinos which can be seen from the chats and this means that they have and use btc. All this means that it is quite probable bitcoin was created by Russian or Chinese guys as we see that the countries are interested in having and promoting it.
the main question is whether those countries be able to make such thing like bitcoin and actually the answer is yes. and the interest which had shown by both russian and chinese towards bitcoin have nothing to do to where the creator of bitcoin comes from, that's just nonsense I think the OP meant if bitcoin could be created in Russia or China. We know that China is #1 in mining in the world, whereas Russia is famous for good quality videos about bitcoin. Moreover, there are many Russians in online btc casinos which can be seen from the chats and this means that they have and use btc. All this means that it is quite probable bitcoin was created by Russian or Chinese guys as we see that the countries are interested in having and promoting it.
Yeah that's what op meant. And I think that China can create a bitcoin as we know they are one of the best country for reverse engineering.
So if they can create things for imitation and I know that they can also create a bitcoin like crypto currency or coin.
They are masters of creation in this world but for reversing its process.
I think the OP meant if bitcoin could be created in Russia or China. We know that China is #1 in mining in the world, whereas Russia is famous for good quality videos about bitcoin. Moreover, there are many Russians in online btc casinos which can be seen from the chats and this means that they have and use btc. All this means that it is quite probable bitcoin was created by Russian or Chinese guys as we see that the countries are interested in having and promoting it.
Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Generally, there are always governments behind such technologies. For example, StuxNet
Bitcoin is already created and I don't think someone else can affect the origin of bitcoin (even though it is not known) but I think it's made by U.S or by china (I assume Satoshi Nakamoto is from there)
Anyway who created bitcoin is not much important as it is the adoption and who uses bitcoin, this is more important, and then this affects the price of bitcoin.
I don't beleive that these countries were part of Bitcoin creation? And what about Satoshi, hasn't he created it? But no matter to that Bitcoin is not private property in general sense, it belongs to everyone who wants to use it so no one can't say that Bitcoin belongs only to one person or one nation in the world and that is the beauty of Bitcoin.
We all heard that Satoshi Nakamoto created bitcoin's model. But this person is mysterious, nobody saw him in face and he easily appear as some fake. So the question who exactly created bitcoin stays open till today.
I don't know if I am the one is wrong about on this question. Isn't the quoted statement in the above is misleading. I think there is no basis why ?Russia or China created bitcoin. this is not right topic in this thread. Or this might give others confusion about in bitcoin. we know bitcoin is anonymous and decentralized and very easy to set up.
My best bet will be China because they have the human capital to demonstrate their might and strength to the rest of the world hence if the speculation about who created Bitcoin is to be determined between China and Russia my best bet will be China.
Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Generally, there are always governments behind such technologies. For example, StuxNet
maybe they can some day, specially China with their large population and how they are all working hard making money and fucking the rest of the world's economy with their crappy products.
but I don't get how this is related to your subject about bitcoin.
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