Topic: China can destroy bitcoin - page 14. (Read 3616 times)
I wouldn't say destroy but the China could effect the market in very bad ways. As far i heard the China have %35 of the bitcoin and %40 of International World trade. So it makes them number 1 in the World. First i would like to ask myself why would they destroy bitcoin while they have it most? And i answer, no, they wouldn't make any crush in the market. Also i am sure that no one can stop this blockchain and cryptocurrency world anymore.
No change, who the hell told u that china can destroy the bitcoin, if China doesn't accept it doesn't matters there are other countries
I think other countries will wake up as a result of this piece of information. It is therefore impossible for China to destroy Bitcoin and other Altcoins.
I think it may be hard, but its not impossible. China is a giant with its economic system that affects the whole world in general. even, china has created trade war with US that disturb the stabilization of many countries. Bitcoin is decentralized, so there's no limit for people to have and collect bitcoin while people who invest on bitcoin mostly are from china, they really improved on it. So, I think there must be another 'giant' to stabilize the domination of china to keep bitcoin breath and built, not destroy.
I don't understand how its work china can destroy bitcoin through mining, but Im sure that just a fake rumor to spread the FUD in cryptocurrency follower. but if yes it hard to stop
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
this is funny, again China makes rumors, but I don't believe before there is strong evidence. China will not be able to destroy bitcoin because this has been proven last year when China actually banned and made sanctions for its citizens involved in crypto.
The Chinese government is banned cryptocurrencies and is also banned from mining!
BTC mining is moving to other Asian countries, and Japan is a new mining center!
Japan now has more influence on BTC than China!
The Chinese influence when it comes to Bitcoins is all but gone, whatever they had is now gone thanks to the Chinese government decision of ban the use and trading of Cryptocurrency completely in the country. BTC mining is moving to other Asian countries, and Japan is a new mining center!
Japan now has more influence on BTC than China!
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
I think you should include the official link as our learning material, otherwise this is just a stale rumor. and China does not have the strength to destroy bitcoin and this has been proven in 2017
The Chinese government is banned cryptocurrencies and is also banned from mining!
BTC mining is moving to other Asian countries, and Japan is a new mining center!
Japan now has more influence on BTC than China!
BTC mining is moving to other Asian countries, and Japan is a new mining center!
Japan now has more influence on BTC than China!
agree with you many Chinese government doesn't like crypto even they membeded some exchanger in china. I think Japan is the ruler of bitcoin now because in Japan bitcoin is legal
Are you sure that they are all Chinese?
They might make a lot of damage when they do it but it will also affect them.
That is why they cannot just stop it so sudden.
Okay, let us say they may already made some money but is it already enough for ROI?
As I have heard it may take years to get back all that capital from mining industries.
Their last intention will be to pump bitcoin at a large price to get it back. That is if they are really holding it.
They might make a lot of damage when they do it but it will also affect them.
That is why they cannot just stop it so sudden.
Okay, let us say they may already made some money but is it already enough for ROI?
As I have heard it may take years to get back all that capital from mining industries.
Their last intention will be to pump bitcoin at a large price to get it back. That is if they are really holding it.
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
Not a secret that china wants to rule the world.
And also china has a big volume in cryptocurreny.
All we can do is just following their wave
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
China controls not only the Bitcoin and cryptocurrency market. China has always controlled all the markets. in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
nothing can destroy bitcoin including China. because bitcoin is not dependent and not bound to any country. bitcoin will be destroyed if left by its investors and supporters. and in my opinion it's impossible.
They can't ruin it, they can only influence the price. In other words, in accordance with many people living in China, crypto trade has spread wider than other countries. As far as I know according to volume, one of the biggest crypto trading countries in the world is China.
China are the most populate country, we know if china are developing their current state to technology even cryptocurrencies and so much miners in there. It difficult to stop them
it is very difficult to change things like this because the nature of bitcoin is decentralized, there is no regulation to limit someone to mine bitcoin, most of the supply of bitcoin circulation has been obtained by miners in China,
Decentralized or no control from the government, is one of the main weaknesses of this system. The adoption of this decentralized system provides the maximum opportunity for untrue miners to exploit bitcoin mining in an unethical manner (greedy).
Hello,
Of course china have a lot of power on BTC due to the size of the country and number of unhabitant + miners. Every decision on crypto has a global impact of the markets. But I really doubt that they will take the risk of loosing this global position by taking bad decision against BTC. Also they could not kill it as even if they are dominant they could not control all the minor and as it is decentralized asset it stay free.
Of course china have a lot of power on BTC due to the size of the country and number of unhabitant + miners. Every decision on crypto has a global impact of the markets. But I really doubt that they will take the risk of loosing this global position by taking bad decision against BTC. Also they could not kill it as even if they are dominant they could not control all the minor and as it is decentralized asset it stay free.
I thought it would be hard to stop China if the most bitcoin holders were in China, I didn't think it would be easy to stop this
no, I don't think so it cannot destroy bitcoin up to some extent they can try to do that but they will fail that is the beauty of bitcoin and blockchain
China have destroy bitcoin and make all of mining bitcoin project at their country have closed, many ICO investment was die by China have banned of regulation for ico investment at their country, China have more power fo destroy how bitcoin price.
how not because China is the first country to spread bitcoin and make bitcoin popular until several countries around the world, because bitcoin originally came from China, the destruction of bitcoin can be determined by China because some big investors came from China and many news China began to make Their own digital currency means that bitcoin will become very worthless. Although bitcoin will not be completely destroyed but the price of bitcoin will be of no value at all and will be defeated by their competitors ETH. Jump to: