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Topic: China will destroy bitcoin - page 2. (Read 3081 times)

member
Activity: 84
Merit: 10
April 14, 2016, 08:11:18 PM
#51
Who owns the most USD outside of the states!
Dollar has not collapsed, so would expect the same with bitcoin. China has been pumping the real estate all over the world and no crashes yet.
sr. member
Activity: 433
Merit: 250
BTG CEO
April 14, 2016, 07:30:09 PM
#50
China is helping Bitcoin, by banning it they help more  Wink
legendary
Activity: 1218
Merit: 1007
April 14, 2016, 07:02:54 PM
#49
I doubt China will destroy Bitcoin, if anything it will be overall more beneficial for Bitcoin because it will open up to wider markets.

There is no way China can just show up and destroy Bitcoin one day, maybe it will force people to add more mining power, but it certainly won't just destroy it.
sr. member
Activity: 252
Merit: 250
April 14, 2016, 06:35:10 PM
#48
If China kills Bitcoin, China kills china.
Many jobs would be lost. Even more worse money flown out of china would never come back to china since people have to pay extra tax again.

LOL OP don't have a clue how china is controlling bitcoin. They own the pools, the hash equipment and yes even the most amount of bitcoins.
How will they kill bitcoin again?

Everyone has to start somewhere.. so atleast the op asked on why china is at some what type of involvement.

But digging deeper to your pool, its not just pool. Its also cause they have been the #1 producers selling the miners itself to allow that happen.
sr. member
Activity: 350
Merit: 250
April 08, 2016, 05:58:01 PM
#47
If China kills Bitcoin, China kills china.
Many jobs would be lost. Even more worse money flown out of china would never come back to china since people have to pay extra tax again.

LOL OP don't have a clue how china is controlling bitcoin. They own the pools, the hash equipment and yes even the most amount of bitcoins.
How will they kill bitcoin again?
sr. member
Activity: 350
Merit: 250
April 08, 2016, 05:01:40 PM
#46
If China kills Bitcoin, China kills china.
Many jobs would be lost. Even more worse money flown out of china would never come back to china since people have to pay extra tax again.
sr. member
Activity: 252
Merit: 250
April 08, 2016, 04:24:22 PM
#45
I guess that's not true. China is one of the countries that use large bitcoin. they use bitcoin as needed, I am not sure that they would destroy the bitcoin. why should they do it? I think all of the issues is a lie
They didn't destroy Litecoin, am i wrong? And they pumping from time to time some of those almost forgotten coins. So we can only Conclude they are adopting very well almost every new coin..I dont see any problems with them.

$4.00 in my eyes is still crappy though lol. Shows me that I would never ever want to get involved with alt coins.
hero member
Activity: 770
Merit: 500
April 08, 2016, 01:22:35 PM
#44
bitcoin will never be destroyed so i guess that says it all, but lets say that china will have a huge impact on the price, i guess then the worst thing that would happen would be that bitcoin would become centralised

though i dont think that there wouldnt be a solution from that, just a lot of time would have to pass till the other countries would adopt to bitcoin and i think everything would be fine
legendary
Activity: 2380
Merit: 1026
April 08, 2016, 11:54:17 AM
#43
I guess that's not true. China is one of the countries that use large bitcoin. they use bitcoin as needed, I am not sure that they would destroy the bitcoin. why should they do it? I think all of the issues is a lie
They didn't destroy Litecoin, am i wrong? And they pumping from time to time some of those almost forgotten coins. So we can only Conclude they are adopting very well almost every new coin..I dont see any problems with them.
hero member
Activity: 1204
Merit: 500
April 08, 2016, 11:44:46 AM
#42
I guess that's not true. China is one of the countries that use large bitcoin. they use bitcoin as needed, I am not sure that they would destroy the bitcoin. why should they do it? I think all of the issues is a lie
legendary
Activity: 2380
Merit: 1026
April 08, 2016, 11:42:07 AM
#41
Bitcoin is still very young and many problems will come over time, and practical solutions will be found very fast i believe.
I would be worried only if one fractions have 50% of all coins, till then everything is fine. Chinese miners contribute to network stability so from that standpoint they are good. I sense here little US jealousy..
newbie
Activity: 35
Merit: 0
April 08, 2016, 10:57:41 AM
#40
China will never destroy bitcoin, as they are the only country which support digital currency as well planning to introduce their own digital currency. If they issue their own digital currency then they may try to destroy our bitcoin.

Many digital currency will be issued by many countries. Bitcoin will be the reserve currency in the digital world.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
April 08, 2016, 10:53:05 AM
#39
China will never destroy bitcoin, as they are the only country which support digital currency as well planning to introduce their own digital currency. If they issue their own digital currency then they may try to destroy our bitcoin.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
April 08, 2016, 08:26:46 AM
#38
Click Kwuckduck post history.  Realize it's an account sold to Zionist banker shills to spam the forum with jibberish.  Never click Kwuckduck threads again.

I've noticed his/her threads/posts before. It's not difficult to spot a shill. Have you noticed how many troll threads are around at the moment?

It's almost like the fear something?

Price rise as a result of the halving?
legendary
Activity: 1862
Merit: 1505
April 08, 2016, 07:53:39 AM
#37
Bitcoin is honestly now in control of China. It can destroy or prosper bitcoin, it's choice of Chinese people.

In case of halving, maybe they will change the choice of cryptocurrency to somewhat like ethereum.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
April 08, 2016, 07:46:21 AM
#36
If China is the most prominent nation in the bitcoin world, then why would they want to destroy bitcoin? It has no sense at all.
By doing this they would literally just fuck themselves. Isn't it better for them to keep bitcoin in good health and profit in the long run?

They don't actually use BTC, they just mine it and speculate with it. There are no Chinese stores accepting BTC. Also - I think the miners there can't speak English and have no idea the angst the blocksize is creating, so they simply don't know that there is a possibility that BTC might fail. I guess we'll all find out in July when the halving happens. If the price doesn't rise (or if it falls), we might see some movement on the blocksize.
hero member
Activity: 644
Merit: 503
April 08, 2016, 03:20:41 AM
#35
With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.

Well China is very important for bitcon from day one, and yes,lots of miners are in china, but i don't they that they wouldn't like thing like halving, yes they will get less money but price of bitcoin will rise, so maybe they will get even more profit
Yes I would also think that the halving will destroy any profit that china miners are getting now and will deter anymore from going into mining in the future. If there is no big profit to be had then chinese are not interested in pursuing into it any further.

If (and it's a very big "if") that were to happen, then difficulty would decrease. At some point potential miners are going to note the decrease in difficulty and start mining.

This apocalyptic "all miners stop mining" nonsense is silly. We've been through one halving and this didn't happen. Why would it happen this time?
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
April 07, 2016, 02:30:32 PM
#34
With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.

Well China is very important for bitcon from day one, and yes,lots of miners are in china, but i don't they that they wouldn't like thing like halving, yes they will get less money but price of bitcoin will rise, so maybe they will get even more profit
Yes I would also think that the halving will destroy any profit that china miners are getting now and will deter anymore from going into mining in the future. If there is no big profit to be had then chinese are not interested in pursuing into it any further.
full member
Activity: 197
Merit: 100
April 07, 2016, 02:27:12 PM
#33
With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.

Well China is very important for bitcon from day one, and yes,lots of miners are in china, but i don't they that they wouldn't like thing like halving, yes they will get less money but price of bitcoin will rise, so maybe they will get even more profit
sr. member
Activity: 264
Merit: 250
April 01, 2016, 07:26:38 PM
#32
If China is the most prominent nation in the uᴉoɔʇᴉq world, then why would they want to destroy uᴉoɔʇᴉq? It has no sense at all.
By doing this they would literally just fuck themselves. Isn't it better for them to keep uᴉoɔʇᴉq in good health and profit in the long run?

China is just securing their stack of bitcoin while they can.
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