Topic: Is CHINA CONTROLLING Bitcoin? - page 22. (Read 92666 times)
China dumped bitcoin to 900 usd, and this time western guys pumped bitcoin up. I have to say China is not controlling bitcoin, only wenstern guys control it.
Because if 51% of the miners agree, they can do just about anything they want, including creating extra coins
Yeah, a 51% attacker could do that.
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or moving coins from any wallet to any other wallet without private keys.
No. Absolutely not. A 51% attacker (hell, a 100% attacker) has no power to move coins without the private keys.
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin
Because if 51% of the miners agree, they can do just about anything they want, including creating extra coins
Yeah, a 51% attacker could do that.
Quote
or moving coins from any wallet to any other wallet without private keys.
No. Absolutely not. A 51% attacker (hell, a 100% attacker) has no power to move coins without the private keys.
What do you guys have against China and Chinese people anyways? they're hard working people with a country full of natural resources they are providing the world with many services, if they have cheap electricity doesn't necessarily mean that they are the biggest bitcoin miners, as a matter of fact 60% of the farms in China are owned by investors from other countries.
I think we do not need to bother about it. in accordance with the passage of time. I believe bitcoin users will grow from around the world, and probably bitcoin users from China will not be as compared to total bitcoin users in the world
What do you guys have against China and Chinese people anyways? they're hard working people with a country full of natural resources they are providing the world with many services, if they have cheap electricity doesn't necessarily mean that they are the biggest bitcoin miners, as a matter of fact 60% of the farms in China are owned by investors from other countries.
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Do you think that China is controlling/ruling bitcoin yes or no?
China always has a dominance over bitcoin. A large majority of the mine farms are in-house. The decisions made by the Chinese government directly affect the bitcoin.
Bitcoin structure can not be controlled. But we can say that China controls the bitcoin from the indirect route.
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin 
From whatever I understand about mining, how should that make a difference ? THere are only a fixed amount of bitcoin that can be mined in a day. So how would manipulation help ? Anyways, I feel they currently still have the highest mining power, so are already taking most of the mining rewards.
No China dont controlling BTC .....
Many News sites just use this to manipulate Bitcoin user for Panic sells.
Then they rebuy cheap
Many News sites just use this to manipulate Bitcoin user for Panic sells.
Then they rebuy cheap
The majority of the hashpower comes from China, but maybe you have a point when it comes to the price. It might very well be that we think that China is a big factor, while in reality they aren't that important at all. It might be a thing in our heads that whales exploit into making people go nuts as they basically fear anything coming from China. Just look how their volumes almost vanished from a few million traded coins per major Chinese exchange, to just a few thousand right now. Their fake volumes were more than obvious, but that it resulted in this outcome is something not many would have thought.
China 90% controlling Litecoin
How do you even say that? where is the proof? I would arghe tht china is lossing power on litcoin too. Soon segwit will be activated, and I think we will see a big amount of people getting interested in litecoin again. There will be quite a nice pump on the coin.
Am I holding? nope, cause im not sure yet, but we may see a nice second big bubble like we say back in the 40 dollars days.
China 90% controlling Litecoin
No China dont controlling BTC .....
Many News sites just use this to manipulate Bitcoin user for Panic sells.
Then they rebuy cheap
Many News sites just use this to manipulate Bitcoin user for Panic sells.
Then they rebuy cheap
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin
From whatever I understand about mining, how should that make a difference ? THere are only a fixed amount of bitcoin that can be mined in a day. So how would manipulation help ? Anyways, I feel they currently still have the highest mining power, so are already taking most of the mining rewards.
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin
i am very interested to see all those 162 people who voted "YES" here and said China is controlling bitcoin right now.
Chinese exchanges are almost closed down and their prices are pretty low with so little volume right now because of all the restrictions from the banks and the fact that they disabled deposit/withdrawals. so practically they are out of the game.
with that in mind we can see that price is still up and still rising higher.
so my question from these people is: where is China now!
Chinese exchanges are almost closed down and their prices are pretty low with so little volume right now because of all the restrictions from the banks and the fact that they disabled deposit/withdrawals. so practically they are out of the game.
with that in mind we can see that price is still up and still rising higher.
so my question from these people is: where is China now!
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoinNo. I know that when I send a transaction, it's not going through a Chinese embassy to reach its location. Is a large amount of Bitcoin mined and used in China? Yes, but that's completely irrelevant because China isn't one giant plotting entity which is out to get you, it's a lot of people or businesses who individually influence Bitcoin.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
China isn't directly controlling it, but the mining is mostly China's.. Many people from there know about Bitcoin and mine it, there are the biggest farms.
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoinfull member
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No. I know that when I send a transaction, it's not going through a Chinese embassy to reach its location. Is a large amount of Bitcoin mined and used in China? Yes, but that's completely irrelevant because China isn't one giant plotting entity which is out to get you, it's a lot of people or businesses who individually influence Bitcoin.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin Jump to: