mousewheeling thru this thread make me think of this
https://www.youtube.com/watch?v=RDrfE9I8_hs
Topic: Is CHINA CONTROLLING Bitcoin? - page 59. (Read 92666 times)
Wow, a lot of people have voted and the result is almost equal. Really confusing.
I don't want bitcoin to be controlled by anyone, especially China.
Dude it doesn't matter, why does the US or some other country in the west having mining volume control over Bitcoin appear as a better option than China? It's not like the damn government controls everything, and the mining power is split among a ton of different pools. It doesn't mean anything to be honest, and I don't know why people think it is such an issue.I don't want bitcoin to be controlled by anyone, especially China.
When the miners merge into a single pool, let me know.
I don't think so, Bitcoin is decentralized crypto currency and no one have the possibilty to control it, even China with its large community of Bitcoin's users.
Wow, a lot of people have voted and the result is almost equal. Really confusing.
I don't want bitcoin to be controlled by anyone, especially China.
I don't want bitcoin to be controlled by anyone, especially China.
You cant basically say they have total control.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
One thing is for sure that Chinese have most bitcoins miners than anywhere else in the world
You cant basically say they have total control.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
everybody seems to be forgetting that USA used to have the highest amount of hasrate share in the whole world and this was not from so long ago!
you can search about this too, not long ago GHASH.IO even had more than 51% of the shares and everybody was worried about the 51% attack and nothing happened in the end but nobody was even mentioning USA controlling bitcoin!
please take a look again and let me know where you see 51% USA while China owns over 70%
https://bitcoinchain.com/pools
You cant basically say they have total control.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
everybody seems to be forgetting that USA used to have the highest amount of hasrate share in the whole world and this was not from so long ago!
you can search about this too, not long ago GHASH.IO even had more than 51% of the shares and everybody was worried about the 51% attack and nothing happened in the end but nobody was even mentioning USA controlling bitcoin!
True not because there were more than numbers of miner in china they already are controlling the bitcoin system. US has also a big part of this system they have better facilities. In terms of transactions UK would i guess the best place to do so.
You cant basically say they have total control.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
everybody seems to be forgetting that USA used to have the highest amount of hasrate share in the whole world and this was not from so long ago!
you can search about this too, not long ago GHASH.IO even had more than 51% of the shares and everybody was worried about the 51% attack and nothing happened in the end but nobody was even mentioning USA controlling bitcoin!
china indeed proclaim many bitcoin mining has no place there . it is not impossible that China is able to control the bitcoin..
It is logic that they control bitcoin. The got the largest pools, got a monopoly on mining gear and cheap electricity. There is no nation in the world who can compete with china in this aspect.
Western countries got too expensive electricity.
I don't think having the largest mining farm of bitcoin means you can control bitcoin. Remember bitcoin isn't for mining alone, and besides even if the largest mining farm is in china, I doubt that only the Chinese are the owner of those mining farm. It is established there because of cheap electricity, there will be other foreign owner of the mining farm there for sure.
I agreed with you, I also do believe that China can't control bitcoin. Even though they have a largest farm all over the world. China can only be one of the biggest investors who adopted the system of bitcoin. meaning they're just one of the member in the community investors.
You cant basically say they have total control.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
Noone has that kind of power.
But as if usa control most of the world, chinese people have strong control over btc.
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?
Whenever china can't control bitcoin. That's why bitcoin called decentralized, which means bitcoin can only control by the coin holder depending how much they hold or keeping it.
China is controlling over 70% from mining. What are you talking about Brasil or other countries? LOL
https://bitcoinchain.com/pools
Who is controlling Bitcoin? The big exchangers who are manipulating the price with fake volumes, they are acting a gang and the miners.
https://bitcoinchain.com/pools
Who is controlling Bitcoin? The big exchangers who are manipulating the price with fake volumes, they are acting a gang and the miners.
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?
ofcourse they controlled bitcoin and its value. They keep bitcoin on low price. Why? Ask yourself. Cpu and electrical cost in China and in the western world? Is different? Ofcourse is it. And becouse of bitcoin low price all western miner turn off their cpu.. And now China have chance to control all new bitcoin.. Think about that..
I will go with NO.
First of All,
Bitcoin is offering a decentralisation system for which there is no reason for anyone could have the control over it. Though its a fact all the other big mining institutions are in China but, it's also a fact that there are thousands of thousands CPU are occupied by which BTC also mining from all over the world and helping blockchain technology to work smoothly.
So, it is not good to say that China is along controlling it while Bitcoins should purpose was to create a decentralised market where no one could have any control over anyone by financial means.
Thank you
First of All,
Bitcoin is offering a decentralisation system for which there is no reason for anyone could have the control over it. Though its a fact all the other big mining institutions are in China but, it's also a fact that there are thousands of thousands CPU are occupied by which BTC also mining from all over the world and helping blockchain technology to work smoothly.
So, it is not good to say that China is along controlling it while Bitcoins should purpose was to create a decentralised market where no one could have any control over anyone by financial means.
Thank you
china indeed proclaim many bitcoin mining has no place there . it is not impossible that China is able to control the bitcoin..
It is logic that they control bitcoin. The got the largest pools, got a monopoly on mining gear and cheap electricity. There is no nation in the world who can compete with china in this aspect.
Western countries got too expensive electricity.
I don't think having the largest mining farm of bitcoin means you can control bitcoin. Remember bitcoin isn't for mining alone, and besides even if the largest mining farm is in china, I doubt that only the Chinese are the owner of those mining farm. It is established there because of cheap electricity, there will be other foreign owner of the mining farm there for sure.
Is it really a big deal if some place like china are mining almost the half of the total blocks of bitcoin? If so then why? because i think as long as the transactions are available in other places it is just fine
china indeed proclaim many bitcoin mining has no place there . it is not impossible that China is able to control the bitcoin..
It is logic that they control bitcoin. The got the largest pools, got a monopoly on mining gear and cheap electricity. There is no nation in the world who can compete with china in this aspect.
Western countries got too expensive electricity.
china indeed proclaim many bitcoin mining has no place there . it is not impossible that China is able to control the bitcoin..
china is definitely not controlling bitcoins, they make a lot of it but it does not mean that they control the price, i think that all people have impact
Very close voting, I can't imagine why someone think that China controlling bitcoin network. I don't think that China have biggest mining power, especially when I see there is many people in US, Brazil, and Europe who mining. Market like market, US is have strongest one, and China is not better then them.
I don't think China is control bitcoin, with so many coins that Chinese have they can move market and price a bit, but its far from control. They are just one bigger part in all this, but majority is outside for sure.
I don't think China is control bitcoin, with so many coins that Chinese have they can move market and price a bit, but its far from control. They are just one bigger part in all this, but majority is outside for sure.
Jump to: