Topic: Is CHINA CONTROLLING Bitcoin? - page 72. (Read 92646 times)

I think it's fifty-fifty , at one side they mining almost everything nowdays but at other side they can't change price and other sutff, but they can just stop mining  to change price. Voted for yes.

i don't think so i think they are not controlling bitcoin. although a lot chines are investing their monthly income in bitcoin. but it doesn't mean that they are controlling bitcoin. bitcoin is a universal currencies and any one from all over the world can use it and can invest here.

Who is the guy proposing this? how do we know it's not simply some random shit stirrer? i've heard alot of noise from china about the block size thing but not a huge amount of action.


total rubbish. that's based off zero fee exchanges. it could be 1 cny of capital being traded a billion times a minute.

Do you guys really know what you're talking?
Chinese investors hold the most bitcoin market capacity that has ever produced. It is 10 times higher than the usd. If you're going to check it here, they are the only one who's eligible to pump and dump the coin

He's not wrong, you now. But if it helps you to think that your holding a bunch of BTC in some paper wallet somehow matters, you go right ahead.
Unless you can explain how you control Bitcoin by holding it, of course.

Idiots parroting FUCD and lies are not much better.

N00bs parroting delusions.

That's right, because even they have the majority of miners still they can't control bitcoin. It is a decentralized currency.
And we are all controlling it.
The power of all users are controlling the flow of bitcoin and the demand of it.

Chinese miners revolt & announce "Terminator Plan".

---

According to the Chinese translation [summary]:

-  Core defaulted on HK consensus and doesn't honor 2MB increase.

-  Chinese miners to unite to implement Classic which supports 2MB increase and SegWit

-  Urge all miners to unite to support the Terminator Plan

---

China's daily BTC volume : +93% of all the volume.
China's dominance in the total hashing power : +80%

Don't forget the fact that Chinese exchanges are heavily involved in the mining industry. It's in their benefit that the price has to go up year on year. If it's not by "legit" demand, then it will get an extra push from the exchanges there.

Two years ago China accounted for only 40% of all the equipment for the extraction of Bitcoin in the world. Today, the proportion reached 70%. So Chinese mines are important for the whole world

If these pools throw Bitcoin mining, the network may stall and blocks can not move.

I don't believe that china's controlling Bitcoins,
Bitcoin is decentralized which means even the government or banks can't control it.

The famous bitcoin owners such as Roger Ver, The twin brothers are all Western. The Chinese are just miners.

No.  Look at the big players behind Bitcoin (outside of mining) they're mostly wealthy powerful Americans and Europeans.  They're gonna have to learn to compromise.

It is true that a lot of Bitcoin mining is based in China. It is also hugely popular to mine in such large quantities. I would say, in a sense, China does control Bitcoin.

I dont think china is controllign the bitcoin there are allot of people who think this is a thing of china to earn allot of money but it must be someone
who had a great idea and put all the bitcoins in the cloud witch people are miining. I only do not understand why the real maker of the bitcoin
wont come out of his shell.

Lol!!  What a funny thread.  

It seems many of you believe that "China"  is some sort of thing that A) exists in a well defined way and B) is capable of controlling bitcoin.  

However none of you have the same ideas of what this thing is, some referring to it as "it"  others "they" or "them".  Probably a "she" in there too.  

Perhaps you are referring to people who read 中文 , that's a good number of folks who live in southeast asia, and all around the world, or those who speak 普通话 another good number (though quite a bit smaller number) of folks around the world.  

Or maybe you meant those who hold PRC passports, referred to as rich mainlanders.  Maybe you mean 北京人 as opposed to their rivals in 上海.  Or maybe you mean people from the republic of China (aka Taiwan).  

Or maybe you refer to a loosely defined group of people with similar phenotypical features they call Han people.  That's a fair percentage of the folks who were born inside of what Beijing people usually call the territory under some sort of control by "the party", another thing which by the way doesn't really exist apart from for show.

What does exist are people, people who may or may not choose to wave flags if they think morons will be thusly affected by the flag waving.  

Don't give any quarter to that idiocy.  Talk about people capable of action, not about fictitious persons like mickey mouse and uncle sam.  
  


 

No doubt that Chinese have a big market than most of us here, but still they cannot control bitcoins as there are many whales from other countries who can still stabilize the situations that might occur due to these Chinese.

You are right, China can't control just because most of the miners are Chinese.
But there is a big effect in the economy of it.
But we don't what they are doing on how they mine.

But china can;t controlling the bitcoin maybe better to called the china's miners giving a big effect for bitcoin of global users.
Chinese have a power to giving global effect for bitcoin because their miners.