Topic: Is CHINA CONTROLLING Bitcoin? - page 79. (Read 92646 times)
No, China do not control bitcoin, and if you are telling that because of their support to it then I will say there are other country also who are supporting more than China, like USA, I think about more than 50% people have adopted bitcoin till now.
No China is not controlling bitcoin, but they are more interested and more active in the field of bitcoin, that is why we feel like China has a controll on bitcoin.
Looks like China has
most mining power
most ASIC producing power
most trading power
most owning power (hard to proof - see trading & mining)
nodes ?
coding ?
most mining power
most ASIC producing power
most trading power
most owning power (hard to proof - see trading & mining)
nodes ?
coding ?
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?
China's government can't control bitcoin but 47 people that own 90% of the supply do, just like the 3 largest Chinese mining farms control the 70% of volume and network speed. Do you think that China is controlling/ruling bitcoin yes or no?
I think China can't control bitcoin even though we know that most of bitcoin on hold by China, they can only menanipulasi price until we find a new investor who dared to buy as bitcoin from china market.
no because imho merchants are more important, china is only miners, no meerchants, or at least this si what i know, there are merchants in china that accept bitcoin? i don't think so
To be frank with you, miners who control 51% of the entire hashing power of the network are dangerous because they can create their new chain and ignore any valid chain other miners are creating thus creating a fork. This is not good if all the mining companies in China do such a thing. It is far off from reality, though, but still can happen at anytime.
no because imho merchants are more important, china is only miners, no meerchants, or at least this si what i know, there are merchants in china that accept bitcoin? i don't think so
No, it's not. I'm surprized 50% of the voters say it is. Why? If Adidas Clothes are mostly made in China does it mean China controls Adidas?
Wow it was 20/20 before i voted for "yes".
You can't deny Chinese have a big impact on the bitcoin business and they have most of the hashpower. It is not exactly that they have control over bitcoin but in theory, they can have.
You can't deny Chinese have a big impact on the bitcoin business and they have most of the hashpower. It is not exactly that they have control over bitcoin but in theory, they can have.
The Chinese own over 50% of the current mining power in the bitcoin network. Also, a lot of trading volume comes from the Chinese markets, meaning that the Chinese traders do have some significant impact in terms of price movements and whatnot. But all of these doesn't mean that the Chinese are controlling bitcoin. Their impact on bitcoin price-wise and volume-wise might be significant, but that doesn't mean that they are the sole players leading the bitcoin markets.
I'm sure when the time comes this will be the line they use in the US to try and ban or discredit bitcoin
I think china is controlling the Mining process of Bitcoin as it is cheap electricity their but the runners of that minning are from outsiders not from china so their is nothing that china or some single country controlling the bitcoins and the main reason of bitcoin is their is no control on a single person or country or ? it is digital currency which is minned and used. China is just a part of it as it is main mining hub. Just to speculate the market the big players just rumour it so that they can play with market.
I think that is true, because I saw when market china always first increase so all also increased, and when it falls, all fall too.
18 votes for YES, and 19 for NO. It`s very close voting, I believe it will stay close to the end of the voting.
I don't think someone control btc totally, of course big players can move market in direction they wish, but I don't think someone control entire bitcoin network. And if I remember good US is country with higher trade volume ( there was some article about it, someone even posted it here on forum ).
In the end its not so important who control btc, as long it have a good direction.
I don't think someone control btc totally, of course big players can move market in direction they wish, but I don't think someone control entire bitcoin network. And if I remember good US is country with higher trade volume ( there was some article about it, someone even posted it here on forum ).
In the end its not so important who control btc, as long it have a good direction.
it doesnt matter if china controlling Bitcoin.
for what important now is they know and they also believe that bitcoins can give them a better
innovations to their country and it will be a big progression too to their economy.
for what important now is they know and they also believe that bitcoins can give them a better
innovations to their country and it will be a big progression too to their economy.
In my opinion china doesn't look to be one that controls bitcoin. Bitcoin users and miners have been seen much on china, so bulk movement s make small fluctuations in price.
they just have a large percentage of mining Bitcoin, that doesnt mean theyre centralizing bitcoin.
But if they work together, they can attack bitcoin.
But if they work together, they can attack bitcoin.
I do not know who is controlling the Bitcion people now say that it is China who is controlling it. It does not really matter to me whop is controlling the Bitcoin.
Not only China but everyone because if there will be more people that is going to use Bitcoin how better it will be for the currency and that will be nice.
But of course it is hard to know what is going to happen with Bitcoin and that is the problem.
But of course it is hard to know what is going to happen with Bitcoin and that is the problem.
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