China's power is massively overrated. Everyone assumes that the Chinese government is a puppet master behind the scenes that's brainwashing us all or something. Even people who are not part of the government are being included in "China".
All countries are important as part of a decentralised network, and while Chinese people have too much power in mining, it's not a giant conspiracy from the government. This kind of paranoia isn't healthy.
Topic: Is BTC/BCC becoing more-and-more China's blockchain playground? (Read 307 times)
On December 2013, China’s government intervened and cut off the flow of money between Chinese banks and Bitcoin exchanges, later to be poorly and falsely named as a bubble. Behind the Chinese companies stands Chinese Party members, whom have already come to play a major role in a civil war that has divided Bitcoin followers. This war is part of a much larger financial/ policital moves in line with the Belt and Road Initiative on the global stage. The hash-power of Chinese companies (under a single Chinese jurisdiction) has already come to play a major role in a civil war that has divided Bitcoin followers - and China is taking for example IMO SegWit as a hostage in those ongoing (secret-cyber-crypto-)battles, united as said under a single jurisdiction, which does not bode well.
China has a majority control of the Bitcoin network, and through its proxy agents for exaplme PR these years as an "identity-ideology crisis", which they have created at first place, acting mindfully agaist Bitcoin early conception, in they claimed war. Bitcoin was to exist beyond the control of any single government or country. China has become a market for Bitcoin (tokens and blockchain) unlike anywhere else. China’s clout is raising worries about Bitcoin’s independence and decentralization, which was supposed to give the technology freedom from the sort of government crackdowns and interventions - this leads to bigger questions of what Bitcoin should look like in 10 or 20 years?
China by now has the power and wishes to leadership openly the Bitcoin industry. From the beginning, Bitcoin was designed to be decentralized (operated by all the people who joined their computers to the Bitcoin network and helped process the transactions), but China does not stand for that, thus de-facto changing Bitcoin's ecosystem with those they (can) trust. They take more and more voting and programming core power. China’s government these days decides to pressure miners in the country to their use. The government’s intervention in 2013 suggests that Bitcoin is not too small to escape notice. China will remain dominant in Bitcoin, blockchain and crypto for good.
Also, the Chinese government is building up a Social Credit Rating System to determine how much trust can be give to every citizen. Imagine you took a ride on the train without a ticket? Cheated on a test in university? Cursed someone online? This system remembers everything and will give scores. These scores will determine whether you should be granted for a loan, or be allowed to have a new job, or to be suitables for booking hotel-room in mainland China or elasewhere worldwide. This social credit rating system will start operation in 2020. According to the Chinese government, its goal is to allow those trustful people to walk everywhere on earth, and decline the truthless from walking even one step. This Social Credit Rating System can and will most probably use BCC - Bitcoin Cash. Creepy. https://en.wikipedia.org/wiki/Social_Credit_System
China has a majority control of the Bitcoin network, and through its proxy agents for exaplme PR these years as an "identity-ideology crisis", which they have created at first place, acting mindfully agaist Bitcoin early conception, in they claimed war. Bitcoin was to exist beyond the control of any single government or country. China has become a market for Bitcoin (tokens and blockchain) unlike anywhere else. China’s clout is raising worries about Bitcoin’s independence and decentralization, which was supposed to give the technology freedom from the sort of government crackdowns and interventions - this leads to bigger questions of what Bitcoin should look like in 10 or 20 years?
China by now has the power and wishes to leadership openly the Bitcoin industry. From the beginning, Bitcoin was designed to be decentralized (operated by all the people who joined their computers to the Bitcoin network and helped process the transactions), but China does not stand for that, thus de-facto changing Bitcoin's ecosystem with those they (can) trust. They take more and more voting and programming core power. China’s government these days decides to pressure miners in the country to their use. The government’s intervention in 2013 suggests that Bitcoin is not too small to escape notice. China will remain dominant in Bitcoin, blockchain and crypto for good.
Also, the Chinese government is building up a Social Credit Rating System to determine how much trust can be give to every citizen. Imagine you took a ride on the train without a ticket? Cheated on a test in university? Cursed someone online? This system remembers everything and will give scores. These scores will determine whether you should be granted for a loan, or be allowed to have a new job, or to be suitables for booking hotel-room in mainland China or elasewhere worldwide. This social credit rating system will start operation in 2020. According to the Chinese government, its goal is to allow those trustful people to walk everywhere on earth, and decline the truthless from walking even one step. This Social Credit Rating System can and will most probably use BCC - Bitcoin Cash. Creepy. https://en.wikipedia.org/wiki/Social_Credit_System
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