Is CHINA CONTROLLING Bitcoin? - page 65.

danherbias07

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Quote from: chixka000 on August 11, 2016, 10:57:29 AM

Quote from: btvGainer on August 09, 2016, 06:44:13 AM

Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

If mining is controlled by china.it doesn't mean it is controlling bitcoin also.They can manipulate bitcoin price but not the bitcoin

You have a great point. Controlling bitcoin mining might not mean that china is now controlling bitcoin it self but in the real place it can already be considered that they will try to control it

One of their character is superiority. I see this all the time inside the building I work. In elevators or just even the hallway. They even got bodyguards with them to let people see that they are higher.
They want everyrhing under them and they will try it also with bitcoin but I doubt they will accomplish doing it. There are tok many countries that are with bitcoin. If they got the higher percentage of users or miners thay wont say they will have it. They can make great impacts but not to the extent of owning it.

chixka000

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Quote from: btvGainer on August 09, 2016, 06:44:13 AM

Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

If mining is controlled by china.it doesn't mean it is controlling bitcoin also.They can manipulate bitcoin price but not the bitcoin

You have a great point. Controlling bitcoin mining might not mean that china is now controlling bitcoin it self but in the real place it can already be considered that they will try to control it

shinratensei_

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Quote from: target on August 08, 2016, 11:32:43 PM

Quote from: btckold24 on August 08, 2016, 10:56:15 PM

Quote from: ASHLIUSZ on August 07, 2016, 03:33:23 AM

Quote from: drwtsn32 on August 07, 2016, 03:01:45 AM

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

China has billions of population that is why Antshare https://bitcointalksearch.org/topic/annricoantshares-blockchain-mainnet-is-online-1571738 can be a good investment for us crypto users. The ICO has just started and it now got 1200+ btc.

LOL, where from you know about the relationships between ico and the population, and where from you know the investing in there is a lot of Chinese people?are you just making jokes?

Ruhtilg

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Quote from: btvGainer on August 09, 2016, 06:44:13 AM

Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

If mining is controlled by china.it doesn't mean it is controlling bitcoin also.They can manipulate bitcoin price but not the bitcoin

After the halving, the newly mined bitcoin will be reduced. So the Chinese will have few coins to sell in the future.

btvGainer

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Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

If mining is controlled by china.it doesn't mean it is controlling bitcoin also.They can manipulate bitcoin price but not the bitcoin

overthetop2011

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I do not think so , bitcoin belongs to the whole internet world.

marcus_of_augustus

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Quote from: target on August 08, 2016, 11:32:43 PM

Quote from: btckold24 on August 08, 2016, 10:56:15 PM

Quote from: ASHLIUSZ on August 07, 2016, 03:33:23 AM

Quote from: drwtsn32 on August 07, 2016, 03:01:45 AM

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.

I just checked on the back of my bitcoins and it says the same "Made in China" ... f$!%!

Kewatia

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Quote from: target on August 08, 2016, 11:32:43 PM

Quote from: btckold24 on August 08, 2016, 10:56:15 PM

Quote from: ASHLIUSZ on August 07, 2016, 03:33:23 AM

Quote from: drwtsn32 on August 07, 2016, 03:01:45 AM

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.
China has billions of population that is why Antshare https://bitcointalksearch.org/topic/annricoantshares-blockchain-mainnet-is-online-1571738 can be a good investment for us crypto users. The ICO has just started and it now got 1200+ btc.

The Ethereum investment could be better than those ICO. The ICO is too risky for most bitcoin holders.

target

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Quote from: btckold24 on August 08, 2016, 10:56:15 PM

Quote from: ASHLIUSZ on August 07, 2016, 03:33:23 AM

Quote from: drwtsn32 on August 07, 2016, 03:01:45 AM

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.
China has billions of population that is why Antshare https://bitcointalksearch.org/topic/annricoantshares-blockchain-mainnet-is-online-1571738 can be a good investment for us crypto users. The ICO has just started and it now got 1200+ btc.

btckold24

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Quote from: ASHLIUSZ on August 07, 2016, 03:33:23 AM

Quote from: drwtsn32 on August 07, 2016, 03:01:45 AM

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

rhino34567

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Dude, you do know that is stupid right?

csnorthchina

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I don't really think so...

most likely is USA i/o China Wink

Ruhtilg

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Quote from: Johnyloco on August 07, 2016, 03:03:57 PM

Quote from: Bitcoinpro on August 07, 2016, 01:14:57 PM

Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

They come in rather handy though

China has alot of influence on the price, dont underestimate!

I do not think so. The Chinese controls the mining equipment and mining, they do not control the applications.

Johnyloco

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Quote from: Bitcoinpro on August 07, 2016, 01:14:57 PM

Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

They come in rather handy though

China has alot of influence on the price, dont underestimate!

Supercrypt

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Quote from: thejaytiesto on August 07, 2016, 10:05:35 AM

In a way because the mining power is too strong in china, but china still has to get into agreement with exchanges, merchants, devs, nodes etc. Of course ideally we would like to see more decentralization in the mining scene.

Yeah. It is true that they do not truly control bitcoin but they have enough power to actually influence the value of bitcoin.

But coming up with an agreement across different verticals are not at all possible as not everyone wants to go against the natural flow of bitcoin. Bitcoin is the system where it's success and future are purely based on human physiology as no two peoples never think same for all the things.

Bitcoinpro

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Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

macedoniantable

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i would beg to differ in saying that China control a global currency.
They might have the most miners in a particular saturated area in all the world, including those mines that are the size of football fields and army base looking, but I don't think they control what happens to the price or how the influence of bitcoin has on the in the slightest.

Bitcoinpro

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Quote from: ArticMine on May 08, 2016, 06:46:29 PM

If the majority of the Bitcoin hashing power is physically located in China, then the Government of China has sovereign control over Bitcoin.

China has no say watsoeva thats 1 Billion people

u mean how much control can maybe 5 mining CEO's exert

not much because to do so would hurt profits

Red-Apple

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Quote from: designerusa on August 07, 2016, 03:28:03 AM

absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.

what you said means China has a lot of the share of hash power and that is all, you can't even say they are controlling bitcoin mining this only means that Chinese people were more adamant about investing into mining equipment than the rest of the world as US was a couple of years ago.

thejaytiesto

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In a way because the mining power is too strong in china, but china still has to get into agreement with exchanges, merchants, devs, nodes etc. Of course ideally we would like to see more decentralization in the mining scene.

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