Bitcoin Forum

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

I think it's difficult because most miners at the moment are controlled by China but seeing the fact that many mining projects are large-scale and use unused factories and use environmentally friendly energy it is not impossible that the prospect of the protocol will switch

not destroy it but cause it some damage

algo change could take care of that

shame it wasn't kept to gpu mining asics are annoying

it is very difficult to change things like this because the nature of bitcoin is decentralized, there is no regulation to limit someone to mine bitcoin, most of the supply of bitcoin circulation has been obtained by miners in China,

China will always have a big impact. When China supported Crypto, the development of Crypto would increase and when China did not support Crypto, its influence on Crypto would deteriorate. This is unavoidable because China has a very large market share and this is always the case for every country that has great capability and influence. China currently dominates mining and this has a big impact on energy sustainability and usually the government will determine what they value far better.

Well. China is a country with a big economy in the world. China has a population of very densely. 70% of bitcoins are traded in China. If the Chinese government bans bitcoin, it will cause many bad effect to the electronic money market. I hope this will not happen. Bitcoin is still growing strong. Many bitcoin billionaire will appear.

China is very powerful country, and consist of huge population. If all the miners there will agreed to destroy bitcoin for sure it can happen, and they will just support the coin that China's made if ever. There are some possibilities for this one but I hope it will not happen in the next 10 years. 

And thinking on the same page that they have much power over something, why would they do some rash decision just to assert dominance knowing that it could topple the whole network and bitcoin's value as well? They may have been challenging the US for quite some time now in being the world's economic superpower, but one thing's for sure: they wouldn't lord over other countries' with their huge hashing power just to state that they are in control. Chinese are strict businessmen, and we all know that they have the means and power so why would they need to prove such a thing?

another racist and not well thought out topic

1. "china" is not a single entity of control. there are billions of people in it. if "america" was in the same seat you should be more afraid because there are less people under that entity thus far more easy to collude.

2. many pools defined as "china" are not actually located in china or run by employees who are chinese or actually managed by china. lets take the most propagandised of them 'antpool' most people dont realise this but antpool is not one location/farm/facility. if you look at the coin reward addresses. they are not completely random. nor are they all using the same single address. antpool has like half a dozen addresses, wach one for a different facility/manager. and if you look closer some of the addresses are bech32 and some are not. which shows that the different managers have different mindsets about if they want to use segwit or not. antpool facilities are in different countries

3. other pools like f2pool have farmers/asic owners all around the world. slushpool is actually managed in thailand and farmers/asic owners around the world

4. even if we moved to GPU. firstly mining per kwh would be wildly inefficient. and then the debate would spark you "OMG AMD(ATi)" own mining

5. pools can only collate data a certain way without having blocks rejected. essentially all pools can do is only include certain transactions they like or not add certain transactions they dislike. if people see this happening and they dont like the result of it causing a backlog of unconfirms. then they can just ban certain blocks that do certain things

its the developers that have control of rule changes. not pools

imagine it like a company.
developers are the management team(node developers) and users(merchant and individuals) are the shareholders who vote for the best management teams(node) to give/control the rules of the network.
with merchants having a more majority share hold voice as individuals usually follow the merchants as users cant spend funds if a merchant decided a different team that only accepts things a certain way, thus users wont get their transactions seen if they are not using the same tool as merchants

pools are just the secretaries/PA's that just collate the company(network) data in a format the management team find acceptable

the weak point is if there isnt management teams. but one managing team and just a bunch of supervisors that just follow the single management team. as that becomes a point where the single management team can get stuck in a rutt of circle jerking one narrative of their own cabin fever desire. and the share holders have no other options but accept the narrative as there is no other unique choice

in short the diversity of nodes is more important than the diversity of blocks

indeed China has nature of being worthy of being self-sufficient. Last year China had banned BTC, and results were btc dump. but for some reason back again, until btc almost reached $ 20,000, of course China is a super power country

The Chinese government is banned cryptocurrencies and is also banned from mining!
BTC mining is moving to other Asian countries, and Japan is a new mining center!
Japan now has more influence on BTC than China!

China government decide to ban all cryptocurrency related transactions last year 2017 theres a big affect to bitcoin and cryptocurrencies.

Obviously we should know china are one of the most powerful country in the world in terms of economic capitalism.

Possible to destroy bitcoin if people around the world will quit to support bitcoin, but if people continue to support bitcoin i think nobody can destroy bitcoin.

China cannot officially kill bitcoin. But because of the almost 60% of all bitcoin miners are based on China. When China governments are in chaos like banning ICO and other cryptos. It will affect the bitcoins price rapidly.

I think China will not destroy bitcoin, but it is able to control bitcoin. Surely this will affect the value of other bitcoins and altcoins. China will continue to control this situation so that China will have the advantage of making it bitcoin chaotic or better.

not only the economy CHINA also dominate in people population. They colonize ur country with economy system. Thats why economy wars happen because today CHINA is strong country.  with their huge hashing power just to state that they are in control. Chinese are strict businessmen, and we all know that they have the means and power. i feel bad about this man.

making China big and evil is starting to get too old. people should try to be innovative and come up with new scarecrows for their purposes because people don't  care anymore about what you say about China and the exaggerations that are made about them regarding "control" of hashrate and other things.


yeah, for 10 years others have tried destroying bitcoin and failed. let us destroy bitcoin with our own hands now by doing this change.

There is one stop solution for this problem : stop the FUD.

There you go you can't have best solution than that I guess. China has always been shown as the master of everything and that does start from the technological advances as well as myths about controlling the whole world. In the entire history we just heard that and nothing else has happened in reality.

Now just because they go for higher ranks in ASIC vendors then it doesn't mean they will overocme everything. That's complete FUD and what can I say misconception about the China.

It is true that most of the hash rate is controlling from China but it does not mean that China has a control over it it is the people there who are using Rigs for mining China will not affect bitcoin, China is not against of bitcoin but few of other regulations can affect bitcoin.

yes it is impossible for China to destroy Bitcoin, I think that might cause Bitcoin prices to fall because China controls Bitcoin. but China cannot completely make Bitcoin become chaotic because it is not China that makes crypto programs.

The study OP is talking about is tackled here:

https://www.newsbtc.com/2018/10/09/report-china-has-capabilities-and-strong-motive-to-destroy-bitcoin/

You can also find a link to the actual study within the article.

This is targeted towards the Chinese government. The entire thing basically hinges on the assumption that the government can seize control of all Chinese pools just because they're based there:


This is obviously not a sound assumption to make because these pools have begun to diversify, and have become a lot more geographically distributed. China still has a lot of influence over Bitcoin (just by virtue of the hashrate coming from behind the great firewall), but there's practically no way they can bring the whole house down alone. I don't think they have any reason to either.

I feel this is a newbies favourite topic every time something happens and one starts to blame the chinese or starts to fear them which is absurd if you see. These people follow the media religiously that they don't even understand the ground reality, I'll agree China has the highest hash, but it's pertinent to note it's not one person in china or few governments officials who hold it, it's spread all over china which indicates there're several persons with several mindsets behind it's usage. It's high time newbies need to use logic, why would China people destroy the very thing that's minting them money, and the very currency which is not controlled by USA.

I'll add one more name to the list who fear China maybe someone can tweet him and explain him he's the current president of USA, link : https://www.forbes.com/sites/billybambrough/2018/10/16/chinas-bitcoin-dominance-is-worrying-trumps-white-house-and-pushing-it-toward-ripple/

I  don't believe much in this point, I think they don't inhibit bitcoin as bitcoin can bring us many benefits, it enrich the country,

No. You're already talking about control and those things which China are topped or what China holds are things that could greatly affect bitcoin. However, I don't think that bitcoin can get destroyed easily.

the right solution is that if China has the advantage of bitcoin China might not do that to destroy bitcoin, that is very detrimental to many things. so I think that is something that won't happen easily even though China has everything against the step of bitcoin.

China can't destroy Bitcoin mining although Chaina controls or dominates lion's share of Bitcoin and Bitcoin miners. It would be difficult for the rest of miners if China destroys mining for China, Hash rate will be affected.

As all I know bitcoin cannot stop even the government of each country but they can prohibits to use or ban it. China can ban bitcoin in their country but outside territory bitcoin can still be use.

Does that mean China is very influential in crypto stability ?? If we talk about bitcoin, bitcoin decentralized. Then how far will this affect the development of bitcoin in the future? Thank you. ???

Not actually, But can be impact on total environment of Bitcoins. China basically controls more hashing power contributing to give security, speed and transparency for overall environment of  Bitcoin, which is based on Blockchain and Cryptography.

China has made every effort to reduce its domestic electronic money collection activities. The country has shut down many electronic money exchange companies and exploited electronic money, however, Bitcoin diggers are still present in the country. And the destruction of bitcoin is something that China can't do.

While young Chinese who are exposed and tech savvy, see a future in $Bitcoin and cryptocurrencies,  government sees more of a rebellious tool that can dismantle the strict laws that may be the undoing of communism! The Chinese have spent the last 9 to 10 months beginning from August 2017, wedging a war they can't win! Did the try to shutdown ICOs yes, Did they try to Shutdown $Bitcoin mining farms yes they did! One thing I know for sure is that while they do all of these young Chinese believers are relocating to saner climes, so killing $Bitcoin is like blocking water from flowing, one way or another it will find its way around so its "Indestructible" So I think.

if to stop it is difficult because China is one of the most numerous investors there especially if it is associated with mining, bitcoin can be a protocol in their country.

Until a sufficiently large number of people will not come to b that it nafig not needed, since the money can be great to translate and with the help of the ether or Litvinov, and so on.

Interestingly China is not a country that can destroy BTC in anyway Communities are scattered in various parts of the world who use or mine BTC and not just China dude.I'm sure that in various issues in the past at china it will not destroy BTC.

The worst case scenario is that if China decides to limit Bitcoin then there will be some damage but this damage won't be destroying cryptocurrencies because this mining monopoly of China may change in a few year down the line because of new renewable and cheap energy.

They ca, but it will only happen to their country and not the whole world. I know that they play a big role to bringing Bitcoin and other crypto into a good shape, but that doesn't mean that Bitcoin can not operate without them.

In my opinion. That is not true. bitcoin will be there anytime. China can destroy the price of bitcoin that could happen. but to destroy and eliminate bitcoin from this world cannot. everyone can manipulate or make a conspiracy so that the price of bitcoin falls or rises it could happen. so don't panic when getting news that is not necessarily the truth and don't panic with any news.

I worry about this issue. The Chinese government has issued a ban on bitcoins, but the factories that serve the purpose of bitcoin extraction are mainly concentrated in China. I think with bitcoin they exploit in the future they can control the market and can make it grow according to their own purpose.

No they can't destroy it.

If they stop, other people will start and difficulty would adjust. So there is not a probability.

how not because China is the first country to spread bitcoin and make bitcoin popular until several countries around the world, because bitcoin originally came from China, the destruction of bitcoin can be determined by China because some big investors came from China and many news China began to make Their own digital currency means that bitcoin will become very worthless. Although bitcoin will not be completely destroyed but the price of bitcoin will be of no value at all and will be defeated by their competitors ETH.

no, I don't think so it cannot destroy bitcoin up to  some extent they can try to do that but they will fail that is the beauty of bitcoin and blockchain

I thought it would be hard to stop China if the most bitcoin holders were in China, I didn't think it would be easy to stop this

Hello,

Of course china have a lot of power on BTC due to the size of the country and number of unhabitant + miners. Every decision on crypto has a global impact of the markets. But I really doubt that they will take the risk of loosing this global position by taking bad decision against BTC. Also they could not kill it as even if they are dominant they could not control all the minor and as it is decentralized asset it stay free.

Decentralized or no control from the government, is one of the main weaknesses of this system. The adoption of this decentralized system provides the maximum opportunity for untrue miners to exploit bitcoin mining in an unethical manner  (greedy).

China are the most populate country, we know if china are developing their current state to technology even cryptocurrencies and so much miners in there. It difficult to stop them

They can't ruin it, they can only influence the price. In other words, in accordance with many people living in China, crypto trade has spread wider than other countries. As far as I know according to volume, one of the biggest crypto trading countries  in the world is China.

nothing can destroy bitcoin including China. because bitcoin is not dependent and not bound to any country. bitcoin will be destroyed if left by its investors and supporters. and in my opinion it's impossible.

China controls not only the Bitcoin and cryptocurrency market. China has always controlled all the markets.

Not a secret that china wants to rule the world.
And also china has a big volume in cryptocurreny.
All we can do is just following their wave

Are you sure that they are all Chinese?

They might make a lot of damage when they do it but it will also affect them.
That is why they cannot just stop it so sudden.
Okay, let us say they may already made some money but is it already enough for ROI?
As I have heard it may take years to get back all that capital from mining industries.
Their last intention will be to pump bitcoin at a large price to get it back. That is if they are really holding it.

agree with you many Chinese government doesn't like crypto even they membeded some exchanger in china. I think Japan is the ruler of bitcoin now because in Japan bitcoin is legal

I think you should include the official link as our learning material, otherwise this is just a stale rumor. and China does not have the strength to destroy bitcoin and this has been proven in 2017

The Chinese influence when it comes to Bitcoins is all but gone,  whatever they had is now gone thanks to the Chinese government decision of ban the use and trading of Cryptocurrency completely in the country.

this is funny, again China makes rumors, but I don't believe before there is strong evidence. China will not be able to destroy bitcoin because this has been proven last year when China actually banned and made sanctions for its citizens involved in crypto.

I don't understand how its work china can destroy bitcoin through mining, but Im sure that just a fake rumor to spread the FUD in cryptocurrency follower. but if yes it hard to stop

I think it may be hard, but its not impossible. China is a giant with its economic system that affects the whole world in general. even, china has created trade war with US that disturb the stabilization of many countries. Bitcoin is decentralized, so there's no limit for people to have and collect bitcoin while people who invest on bitcoin mostly are from china, they really improved on it. So, I think there must be another 'giant' to stabilize the domination of china to keep bitcoin breath and built, not destroy.

I think other countries will wake up as a result of this piece of information. It is therefore impossible for China to destroy Bitcoin and other Altcoins.

No change,  who the hell told u that china can destroy the bitcoin,  if China doesn't accept it doesn't matters there are other countries

I wouldn't say destroy but the China could effect the market in very bad ways. As far i heard the China have %35 of the bitcoin and %40 of International World trade. So it makes them number 1 in the World. First i would like to ask myself why would they destroy bitcoin while they have it most? And i answer, no, they wouldn't make any crush in the market. Also i am sure that no one can stop this blockchain and cryptocurrency world anymore.

I think that China can't destroy bitcoin. because the development of bitcoin is always improved so if you want to destroy it it's enough trouble.

a huge sell off could do just that. I'm as much as I can now.  ???

china is the fastest developing world power country in this new dispensation , even now china is threat to the united state of america they hold the economic sector now . if they fight a against cryptocurrency it will posssibly affect the entire crypto market negatively which is not good and with their population withdrawing from mining there will no transaction of blockchain confirmation or long period of delay in  confirmation as we experience in late 2017.

There is always a way out when it comes to technology issue like this , china happen to be the first in the mining work and other country is taking over now which is a way it should be having only china is like a centralized thing but country like Malta and other Europe country are backing crypto now which is a good sign for the technology.

China cannot destroy as globally but it can ban it in their country.. Chinese government is the first government who ban bitcoin in their country. Chinese government also passively influence its neighbours country to ban bitcoin like cryptocurrency in their country.. Chinese government ban it because it affects their national currency value at international market and because of this their is a negative effect show on their country economy. Another thing cryptocurrency also affects their country national bank profits and progress.

There is solution, but will be hard. China as we know control bitcoin price almost every year. When they made good news, pump will come and they can make bad news that will make bitcoin dumped. But if people not panic anymore,i think we can solve that problem.

So does this mean China is into mining again? I thought people in China are not allowed to do mining?

I think that in case of danger, measures will be taken that will help solve the problem. Businessmen do not dare to lose their profits!

The people who always been actively driven out by bitcoin's manipulation from those bigger investors who been doing shady strategies. Long term traders who remain standing after all eventually became skillful behind closed doors of crypto. They didn't even care what may happen, but right now some traders started putting back their trust on bitcoin. With regards to china, I am still confident that all certain scenario will still become fair enough no matter what happens in their next moves.

China can ban but can't destroy bitcoin. Miners are businessmen so they prefer to earn money rather than to serve communist ideology.

Well...I don't see anybody, any country destroying bitcoin unless bitcoin destroys itself. Though China might be a very large stakeholder in cryptocurrency through there participation and lot's of innovation in crypto, but still yet I don't see them destroying bitcoin. They can only cause damages and only slow market down

AThis sort of Politics in Crypto is unnecessary and childish. We all know that attacks and Centralization can come from any country. The company/guy who has most of the hashing power is not even allowed to mine in his country. I think he is currently in US mining and paying taxes.

I am highly informed by your clarification of the topic at hand. So with the information you have given here it means that China alone cannot make a decision and it will affect bitcoin for a long time.

We can see that the Bitcoin market share in china is huge. Because the number of people that China is dominating is so great that once the policies put in place by the Chinese government will have a big impact on the crypto and bitcoin markets, both good and bad.

just wondering that guys from china buy RIG to mining just for to destroy Bitcoin , they are playing businnes there and will not destroy it

not only bitcoin, China can also destroy the world (in this case the world economy) lol
if you want a solution to prevent the potential of bitcoin that will be damaged by China
only one thing, stop using pools made by China
they control 71% of bitcoin hashrate (according to info from this site: https://www.buybitcoinworldwide.com/mining/china/)
71% that makes bitcoin centralized by them

I agree, china doesnt have that kind of power. Maybe they can ban bitcoin in their country but not in the whole world. Thsy are not that powerful to do. It and people wont let that happen. I cant see any reason for them to do it. All. Country will be their enemies once they start doing it

so they are spent billions of dollar manufacturing and  building bitcoin farm on a large scale to destroy the bitcoin and to lose peoples trust all over the world on bitcoin and the people then transfer their trust to other crypto like litecoin etc? where is the logic behind these? and then after btc destroyed china then will spend another billions of dollar to destroy the next crypto that people put trust on and so on and so on. LOL! stop this non sense! if btc destroyed we still have thounsands of crypto out there. what the heck!
i bet chinese wont do that thwy love crypto, theyr not building something just to destroy when they spend billions on it, this is just a fud!

we know that the circulation of bitcoin is big in China, and we know that the bitcoin mine farm is biggest in the farm but i believe that china is not enough for destroy bitcoin around the world

Yes.China may be a big and strong country but i believe it cannot totally break the foundation of bitcoin.A lot of countries are already into bitcoin even without China on it.China may cause some damages on the part of bitcoin but it cannot ruin bitcoin in the long run.

China holds threatening influence over Bitcoin - perhaps even the ability to attack and ultimately destroy the entire Bitcoin network.

They have the capability and strong motives to perform on variety of attacks against Bitcoin. Even worse, it is already exerting its power over Bitcoin in a myriad of ways.

Research shown that the Bitcoin mining ecosystem has become heavily centralised. The level of centralisation found in the Bitcoin mining ecosystem is the biggest issue for the peer-to-peer digital cash system today. As a technology depends on decentralisation in order to provide a censorship-resistant bearer electronic, any trend towards centralisation should be viewed as problematic. Having so much mining power centralised in any single country exposes the Bitcoin network to a worrying degree of political risk. This can be seen as a threat to china’s economy or a competitor to their own planned digital currency, they could wreak untold havoc in the Bitcoin ecosystem.

Cryptocurrency miners have banded to such an extent that over 80 percent of Bitcoin mining is performed by six mining pools, with five of those managed directly by individuals or companies based in China.

Chinese mining pools control more than 70% of the Bitcoin network’s collective hash rate. Not only does China manufacture most of the world’s mining equipment, but massive mining farms are located there to take advantage of extremely cheap electricity prices.

The fact that Chinese mining pools control so much of the Bitcoin ecosystem has direct consequences.

In my opinion, china will have the upper hand in making a huge impact on Bitcoin.

Exactly! I believe that bitcoin can still strongly survive even without China, since it's success is not dependent in one country alone. China can have a big contribution in the success of Bitcoin, it can be one of the richest country in the world but I don't think it can eradicate bitcoin. Bitcoin has already been widely-known and adopted not only in China and it's network has been proven safe and secured.

China might try to do that. But they can't destroy it. Even if they dominate, they can't stop him. Because in addition to many of them the holder of the other countries

China has got to impact the crypto currency market because of its strong crypto holding in the market. China can affect the prices of the bitcoin seriously but cannot completely eliminate Bitcoin or detsroy its rapport. CHina has become a threat to the crypto market, especially the bitcoin according to the latest reports. The ban imposed on the bitcoin by the People's Republic in China had worsened the situation for the crypto trading in the country.

Go through this report by : Researchers from Princeton and Miami International University: "The looming threat of CHINA" :
https://bravenewcoin.com/insights/china-is-a-threat-to-the-bitcoin-network-says-new-report

China is more like a psychological power the people created for themselves rather than them being actually powerful and having any real major influence in the future of bitcoin. and most of it i believe is because of the drama with bitcoin scaling and the fact that miners weren't accepting the proposals for a long time. so people started demonizing them and focus only on one company in China (bitmain).

The solution to stop that potency is to develop our own potency and only than we can stop china doing so.China threatens every time only because other countries don't have such power,facility and technologies.US has already started imposing tarrifs on china's mining hardware products.These products fall under U.S strict tarrif regime.Now this kind of step will make china's hold in global market weak and encourage people to built there own.

I think China can do, but They won't do. If they do, they kill themselves. BTC brings them a huge amount of value, why they destroy it? There are no reasonable for them to do

i think china cant destroy bitcoin bcz bitcoin is world wide popular and widely accepted crypto currency.
and another thing is bitcoin decentralized crypto so china cant control bitcoin.

Seriously? Does China have an effect on bitcoin? As far as I know, cryptocurrency is prohibited there and Japan is currently having a major influence on Bitcoin.

I do not think so. China can not destroy the bitcoin because it is a potential currency in the future. Maybe it will become the official currency of the world.

Bitcoin is decentralized although its own use is still centralized in many large countries such as China, Japan, US and Russia. There needs to be even distribution in many countries to reduce full control of the value of bitcoin

China has a huge potential in the mining pool. In the event of a possible ban, the hash power is greatly reduced.

In my opinion i don't think so china is just a  part of the bitcoin world they are not the one who is running the system they are just  part of it. Let's just say they quit then i think it is ok because there are still users all over the world who can continue the system.

I don't understand this discussion, is it a guide that you can give me?
I think what you are discussing is a bit absurd, because of the many posts here only your posts are discussing this. please give me the link

The total control of Bitcoin does not lie in the care of China. Although China holds the largest Bitcoin mining industries it cannot totally destroy Bitcoin. It will cause Bitcoin to fall in value but not destroyed totally. Remember, most of the Bitcoin mining in China moved out of China when the government of China banned Bitcoin.

China can destroy Bitcoin if only if they have all the Bitcoins like 15 million coins. It will literally destroy because they can control everything most especially the market. But for me it is impossible for them to have it all because I think it was all scattered through out the world by investors, miners, enthusiasts and traders. Though China has a lot of investors which makes the market affected when there is a kind of manipulation. But now not anymore as for me chinese investors might sold all their funds to exchanges or friends outside China.

it is impossible for China to kill bitcoin ... only China is very influential in bitcoin and prices can drop dramatically if China wants to

if you look at the development of technology, bitcoin will be very difficult to destroy by the Chinese state because they provide prices and very many use bitcoin as a payment tool there so I am sure the price of bitcoin will be very difficult to destroy.

Nothing China will destroy bitcoin. At home, they can ban it. But most of the people who hold bitcoin are scattered around the world

I don't think that it is impossible for  China because they have a very large market share. Their miners mine the largest portion of the bitcoin. Everyone keeps talking about this and I have read it so many times. Can anything be done to reduce this dominance?

It's hard to say. China is very influencing country.

not at all china could destroy bitcoin but could play main role in causing much damage to it
 ;D ;D

in my opinion it is impossible to conceal bitcoin miners, because there are no rules about mining, which can stop the Chinese government because the most bitcoin miners are in China, at least mining is limited

Bitcoin is not only concentrated in China but it is distributed in many different countries by investors. I do not think China can destroy it if they just ban it. Bitcoin can not be destroyed by any country.

Yeah, and it's not as if china hasn't tried before. Bans here and there, statements against btc and crypto, etc. Well they did initially had an effect to pull the value down but we all know btc bounced back and made the 2017 run amidst china's anti crypto antics. Crypto would do well with it, but it doesn't need china.

China development in bitcoins and blockchain technology is so huge that any major decision taken by government affects the market. I think the solution is another country developing a strong appetite for bitcoins usage to compete with China.

There are no restrictions or protocols to prevent any of this from happening so yes they can definitely crash it if they want to.

China is very influencing country. I don't think China cn destroy bitcoin because in my opinion bitcoin can not destroy by any country. And most of the bitcoin mining is in China because there so many market.

China is the only one country which can not affect bitcoin much because mining is not only there and now less bitcoin are remaining which will create in the coming years and many other countries where the electricity cost is minimum and people mine bitcoin there as  well so if we just give edge to China it will be not a true picture, And no one can destroy bitcoin ever.

China is the first county which take action against bitcoin and for its trading. China can not ban bitcoin outside of their country but it can influence the other country to ban it in their country. Chinese government ban it because the popularity and uses creat an treat for their country economy. According to Chinese government bitcoin affect negatively their country national currency value at international market and another thing is its also affects their banks profit and these are some reason behind this topic.

this is good discuss “As the value and economic utility of Bitcoin have grown, so has the incentive to attack it,” the researchers explain. “We singled out China for analysis because they are the most powerful potential adversary to Bitcoin, and we found that they have a variety of salient motives for attacking the system and a number of mature capabilities, both regulatory and technical, to carry out those attacks.”

China may be motivated to weaken or destroy it to make an ideological statement; for example, demonstrating the futility of decentralized control paradigms,” the paper reads. this goal as long as it is highly visible.

Firstly, i want the OP to know that we cant rely on everything said by cryptocurrencies enthusiastic because there are always the possibility of fake/wrong/FUD statements.
Nevertheless, the Chinese does dominates the mining sector and they controlled the highest part of the ASIC vendor with mining hashrate but they cant affect bitcoin protocol because they have tried it in the past which they didnt succeeded. Besides, I dont believe they control the mining sector anymore since the year 2016.

In the Us, they began to open regulated official bitcoin exchanges, and this is a serious event. Economy room 1 has accepted bitcoin, then allow everyone else who was banned before, doubt it.

even if it is inside of their own country , china cant ban bitcoin because bitcoin is online which means it can still be accesible whenever a user uses a special tool such as proxies , vpn's and other tunneling software . a country can only ban centralized stores or exchange that are related to cryptos .


influence ? no i dont really think so .  other country have thier own reasons on why they restrict the use of cryptos but its not because of china banning cryptos .


popularity cant harm people and i dont think it is a threat for the economy of a certain country .

overall , i heard that china is also banning ico's and some exchange but they arent banning all of the cryptos .

You are every day losing money, and hope for the catastrophe that will correct Your position. I'm pretty bitcoin, as a convenient medium of online payments, because I don't buy the hype around him and a sober assessment of its prospects.

That's right, a good thing to know if there is further evidence compared to that relying on fake statements. Chinese government really hate on crypto, they are the first country who banning cryptocurrencies and I think they do that because of being afraid of what will have a bad effect to their country or might bitcoin (crypto) use against them. And also they think that it is the big competent to the bank soon IMO.

     That's what I think. Over time, China can destroy it if it continues to cause repeated damage. China has a huge influence on the crypto world. It can propel it at good prices, or it can destroy it, but not overnight. Let's hope this will not happen in the coming years.

The China can surely affects the Bitcoin today , since they have a lot of potential to make the price unstable. But surely it will not make the bitcoin be destroyed. Bitcoin has a lot of foundation which makes it pretty strong.

China move can definitely impact on BTC prices however it can't destroy it. This is believe is one benefit for decentralized wealth and economy

China is the most powerful country for crypto currency market that's obviously truth. But china not enough powerful to kill Bitcoin. China can just FUD Bitcoin to banned it and regulation in ICO investment.

i think just make some affect. i think they don't destroy this coin

I think that btc is a virtual currency and it is being used by many Chinese people that can not destroy it. And it will thrive in the future and can become a popular currency so it's hard to defeat.

wild opinion and the reason is too pushy, I think there is a lot of debate and shitcoin that wants to excel from bitcoin, but the fact is that until now bitcoin still can't destroy it even though there are many alts with even more sophisticated innovations.

In my opinion, I think China has the capability to damage the bitcoin but not really destroy it totally. As for what I have read, a lot of miners came from this country so if ever China government ordered their people to stop the usage and joining in cryptocurrency especially bitcoin then it will leave a huge damage in bitcoin. Many miners will lose and gone.

I don't think they can because if it is possible for them then they will already did that,so rather than assuming too much we just concentrate on the bitcoin adoption.No one one knows that China is really have more ASIC miners than other even if they have it was owned by the private users so they won't stop because they will lose their capital right.

Not a single state can destroy Bitcoin, including China, despite the fact that more than half of all Bitcoins are currently mined there. In addition, it should be borne in mind that Bitcoin is not mined by government agencies, but by miners, to whom Bitcoin is also not indifferent.
The Chinese government may cause bitcoin temporary damage, but Bitcoin will quickly recover.

we know that digital currencies will change the monopoly of a country's government currency, just as the internet changes the monopolistic practices of the telephone industry.

China always has a big ambition to invest in the crypto world, although not investing in bitcoin, the Chinese government wants to have crypto currencies that are competitive with bitcoin, and they must be able to control it.

i agree people really dont understant the depth of the fundamentals of this blockchain technology and they always use the word "destroy" this immutable tech and cannot be altred by anyone anywhere, so stop the fud guys  ::)

The Chinese cannot destroy bitcoin because they are the first country to ban bitcoin back in the year 2016. Mind you, they also dominate the world of mining, ASIC and mining hashrate during that time. However, the Chinese are coward during that time cause the community they ban bitcoin because they bitcoin as a threat to their national currency.

Thank God Bitcoin is Decentralized!
 ;D

China can make btc network overloaded for 2 weeks only and its all.
This will be if they all switch off all miners, hashrate fall down and other cant find blocks for 2 week then difficulty readjusted and all work in regular mode.

LMAO, is there something wrong about mining? or if a country has the most miners is there something wrong to that? so if China is not among the top mining countries in the world, does the country that has the top mining facilities will be a threat again? ??? LMAO, those academics from those universities think that they know everything in this world and they really believe that they can predict what going to happen. :D :D :D

You're correct, I don't know why these people keep on spreading this kind of speculation that the country named China can destroy Bitcoin and blah blah.
Even if China got the most mining facilities it doesn't mean that China can destroy Bitcoin and anything else similar to that and what's the point of saying that China can destroy Bitcoin ??? Bitcoin is a decentralized electronic cash or what we called Crypto Currency and there is no government or any kind of central bank that controls Bitcoin.
Sometimes I think that these people are only here to spread FUD LOL. :D

Yes, China has the power to destroy bitcoins . I think, there are no solution right now but who knows someone will come up to combat this. Think positive...

China has a low electricity cost so many miners are there, especially because of Bitmain, but I don't see the problem. First of all I think that soon someone else will start a serious completion with Bitmain, that has a monopoly at the moment, and then if the authorities decide to shut down those factories BTC's difficulty will adjust automatically in a few weeks.

Agreeing on what China has a strong and domineering source of power would be horrible if it protested bitcoin but why we do not attract or can say that it is more integrated because of the many bitcoin here. will be able to do.

many people said that China have the biggest population of people that use bitcoin, and I think I believe that because mining farm in the china is very big than other country, and there are many 'whale' that can manipulate price in the market of bitcoin so I believe that china can destroy bitcoin

I do not think it would be possible. However, if so, then there is some logic.

If the Chinese could miraculously beat Bitcoin, they would prove their strength and superiority over others that no one else has the power to do it.

And hence ?

- They create their own new currency with their work and resources.
- They maintain their hegemen position so that no one else will harm them.
- They have their own monopoly on the currency and if it will be accepted, it will be called the "new bitcoin"

Little probable? Perhaps. But, however, probably.
So there is also some logic in this too ...

That's right, China not enough powerful to kill Bitcoin although they have most powerful country for Crypto market,
I am sure they will use Cryptocurrency as a valid of payment in the future. I believe that all countries are not able to kill the Bitcoin. 

but lets say its true they can potentially do it but why would they kill it when they are benefiting from this market? they may even have litecoin as some say. the fact that they can't actually destroy everything when bitcoin is just the bitcoin not the whole crypto market, there is eth, eos and all the altcoins.

If there is such a thing as we need a concrete action to prevent this destruction, I have a thought that the bitcoin here should act positively to show good development in the face, then they go up with modern technology.

China is the most populous country in the world. The impact of China on the economy have a significant impact on the world economy. With such great influence, China has made moves to prove itself.
I hope that will not happen, if China beat Bitcoin, the market will crumble

China have tried several times before but it didn't happen.They can maximum decrease bitcoin price little bit not more than that.Everyone nowadays knows Bitcoin so it will be very difficult.

China cannot destroy the bitcoin network entirely because it is wide spread but definitely they can do a serious damage if they want because china is the single country which has able to grasp majority of mining processes in the bitcoin network but there is no solid news to believe that china will destroy bitcoin forever and there is no reason to do that because still bitcoin haven't become a thread to Chinese economical system in any way

Who knows, anything can happen. China is heavily controlled by the government..But i don't think they can do any harm to the great king.

You talking about the effect,but what OP is aking destroying the bitcoin lol

No one that in their right mind will believe this hallucinations,yes china has big influence about the value of not only bitcoin,but all the cryptocurrency and it contributes large percentage but this is not enough to bring bitcoin dead.before china theres asia whos this country is only part,and majority of asia has trust in cryptocurrency,added is all the larger continent universal,so expecting bitcoin down is close to hallucinating

In my opinion yes china has a big influence in bitcoin mining since it has the biggest shares of hashrates and most of the miners are come from this country last year but as time passed most of this miners relocated to some other countries because of regulations about mining and as of this time China I think has no enough power to destroy bitcoin but as far as I can see China will not do any harm to crypto especially to bitcoin many players are from this country and they will not let this happen.

The influence of China in cryptocurrency  is great. And it has also a huge impact in increasing and decreasing of value and popularity of bitcoin but i think it could not destroy bitcoin.

You seems not to understand that it not the matter of certain country controls mining hashrate or dominate the ASIC vendors because bitcoin was controlled by the community and most of the hashrate, ASIC and mining I own by private investors. Meanwhile, they have tried to destroy bitcoin in the past, they failed and was hurt for not holding bitcoin when it reaches the last ATH.
I'm somehow disappointed for your statement as a Senior account holder.

Do you think can chinese government design the legislation that would enable them to take away located in the China mining farms  from their owners? And therefore grab control of majority of the hash rate .

Man, it is evident that Bitcoin's popularity cannot be beaten. Many remember how much the traders and investors earned last December when Bitcoin reached 20 thousand. Now many of guys hope BTC will gain again. I even can say all world waiting it.

China still does not have more than 51% of network capacity. Or am I wrong? One country will not be able to do anything, even if there are a large number of Asics there. After all, these miners are located at different people and different companies that have different goals.

China has also issued an ICO ban and closed all domestic crypto trading floors. These steps, along with tightening controls on cryptocurrency, have led to a sharp fall in the price of coin. But it is impossible for China to destroy bitcoin.

China is a big country and has a vast investor base. This is also the country that holds the most Bitcoin in the world, which has a significant impact on the Crypto market. If the country calls on investors to sell all of Bitcoin owned by investors, I believe that Cryptocurrency will collapse.

I hope this will not happen, but it is true that China can do this. Because Only mining pool, China has been able to control Bitcoin.Coal miners were limited to "more than 80% of Bitcoin was dug from 6 pools," when five of the six pools were directly managed by individuals or companies based in China.When you see just how Chinese mining mines work together and account for 74% of the Bitcoin network hash rate, you will find that the situation is becoming extremely worrying.

No country in the world has the power to destroy bitcoin, let's be clear on that one first. China can only impose the law on the Chinese bitcoin miners or ASIC chip manufacturers that perhaps might affect the bitcoin network. And in time, the network will recover because sooner or later the Chinese miners will move to other countries in order to protect their own businesses.

Things are changing in the market, even though China is the largest holder of BTC, and the number of miners from their country is also high, but the market is changing, yeah the market can definitely take a hit by the action. And it will be a serious one if taken right now.
The market might fall into trouble, but I do not think it is going to collapse or completely diminished. Moreover the Chinese will not do so, because this system is the greatest asset which might be of great help in the future.

Theres no doubt china can made a
big collapsed of bitcoin through their powers, they can control everything the mining even the internet functions they can manipulate all one thing we could hope that chinas not made this all romurs because we the most affected if it is happened...

that's right, bitcoin will never be destroyed by one country because bitcoin is like the internet that has to turn off the whole world if it wants to destroy it, and it is true that China will only temporarily cripple bitcoin because in some time it will recover and will even become stronger.

In a report I read this morning, China was preparing to remove some of the prohibitions. Here, it is said that more ban can be applied. Where do we really find current news from China?

When we talk about China, which controls the bitcoin mining hashrate, we should not understand China as a whole, but Bitmain and its allies. The position of this company has long been known. They are not going to sink bitcoin. It is not profitable for them.

I agree that the authorities of the country have enough tools to seriously affect bitcoin. This is a large concentration of miners and computing power. So, as more than 80% of mining farms belong to six pools, five of which are managed by citizens or companies in China.
But miners are not necessarily located in the same country as the pools. There are many miners where there is cheap electricity and loose legislation. If a pool is involved in a “bitcoin attack,” the miners will simply switch to another pool, not Chinese.

That's right, It doesn't matter if China has the most crypto currency mining farms in the world, it matters if all that mining farm belongs to one owner and definitely that person will have the control but just like what you have said those mining farms belongs to different people with different way of thinking and agenda.
I don't think that China is a threat to Bitcoin or the whole crypto currency community because the real threat are those people that keep on speaking and spreading negativity about this industry. :D

if China can destroy bitcoin then bitcoin is no longer there. but the proof of bitcoin still exists today. it proves that China cannot destroy bitcoin. even though China had banned bitcoin, but that did not make bitcoin destroyed and it was not worth it, bitcoin still survived to this day.

We know that this Chinese effect can be a domino in any country. If that happens, I think China is very strong in any way, including the economy. I hope this information is still a level of rumor or uncertain truth. because I still want to enjoy the mystery that bitcoin will give to its fans.

well, I understand what you mean but you know what? Bitcoin mining is really develop in China, It is always a good way to earn money, I don't think Chinese will do anything harm to bitcoin

CHINA does often have a big effect on the world of cryptocurrency. because today there are many users and large communities from China. of course that makes a negative effect can make a bad market

I think that if China decides to destroy the miners, other countries will gladly accept them. So all attempts by China are insignificant))

Well in this forum from the last two days a lot of news coming about China like they are blocking cryptocurrency also Jackma is going to leave Alibaba. These stuffs will definitely affect Bitcoin for sure. But it doesn't mean it will die.

I do not think China could distroy Bitcoin, Bitcoin would find new paths, in case something very negative happen in China. It was created to be global, could not be controlled by one country IMO.

I'm tired of news like this, bro. because of China at the beginning of last year. will close all Ico and reject the world of cryiptocurrency. it turns out. in the middle of the year they sold quite large amounts of bitcoin. so the price of bitcoin drops sharply ..maybe they deliberately made a negative issue about bitcoin. With the aim of wanting to take big profits. By taking advantage of falling prices. and sell it at high prices. Of course after the negative issue is removed.

Bitcoin is decentralized system and any one can build their own mining. China have many bitcoin mining and it is true that they dominate hash rate but the control on price is not in china, its on market.

definetly in this situation my,we cannot stop that potency of china to dominate in there own crypto mining,because they have there own law and rules being one of the sovereign country,otherwise china want to dominate there own cryptocurrency system,thats why they neglect the foreign ICO  going inside to there own crypto economy,therefore in my own perception its better that we not include the china,as part of the digital investment system technology.

China cannot destroy bitcoin. It was already established and many countries now uses bitcoin. China has a great impact in terms of the value and volume of bitcoin but not into the extent that they can destroy it.

Looks like China will not do that, China will only play with bitcoin, they are easier to make bitcoin prices rise and fall. I will not worry about this, because it is a risk too, just be patient and hope China is friendly with bitcoin.

Whenever you have a large share in something, you can always use that dominant position to threaten the system. However, I don't think that China or any other large player would destroy Bitcoin because employing a huge level of resources to destroy the whole system would amount to the attempt of suicide. Considering the current global situation, decreasing GDP of China and trade war is something that they would like to focus instead of destroying Bitcoin.

every country can build the wall to prevent the connect from China's IP
so u can ban the Chinese
and then you need ban USA ,CAN and Romania

:)

Its actually not been clear that If china can destroy bitcoin or not. However bitcoin is that platform which are decentralized . Not only china are become handling the project but also whole over the world are coming to join .So that its not to be possible by china to destroy the bitcoin they only can resist.

I think that the Chinese will fail, because there will be competing enterprises that will produce miners with even greater speed!

Lol stop dreaminy,even america have no capacity to destroy this crypto coin.because this is the future of currency,and the future of technology

And would you mind sharing some links or proofs about this topics?Where did you get this statistics?Your own?then shut up lol

if they mine bitcoin in large quantities and are the developers of many developments on the blockchain, then how can they destroy it?

This information has spread recently. Some arguments and arguments are quite positive with long-term speculation and analysis. with ~ 75% of the mining camps provided and covered by other regulations around the shade. but I can not believe it, despite the fact China has been massive and ambitious in crypto. But bitcoin can not be destroyed by any country. Even that is the government.

China is the vast country in a whole world but i think it can't be destroyed and disappear like a bubble their are such reason here so that you can read about destroying bitcoin in the future.

I don't think so. Why should China want bitcoin to be destroyed? Even of they can mine many bitcoins, they won't try to decrease the price. I am sure they want the price to rise.
Also, there are many whales in the market, own many bitcoins. They are holding much more bitcoins than miners have. Those whales can affect the market more than the miners in China.

I don't think if China will destroy bitcoin, if they destroy it then I'm sure there will be many bitcoin holders and miners as well as China investors who will lose. China is among the largest crypto users as well as mining that is there, so it would not be possible that China would destroy bitcoin.

I think that China won't destroy btc, maybe it doesn't like it but to my mind for China Neo is their own BTC. I think that China is a smart country and they will accept btc with time

China wont do that its because if btc died also their own coin will be dead too because no people will be interested in crypto currency anymore, bitcoin is the first coin that they interested thats why many people invested in crypto also this is the basis of the value of altcoin and we can called mother coin.

I dont know if the Chinese government planned a legislation to take away mining farms from their owner but I'm sure of is the reason why they banned bitcoin then which was because of bitcoin gaining more investors and traders there. Besides, people choose to use bitcoin than their national currency and all this leads to Yen devaluation and the Chinese government sees bitcoin as a threat to their national currency.

Even if they will try to destroy bitcoin,it cannot be ruin as easy as that.Bitcoin has lived for more than 9 longer years so it has built already a strong foundation.There are still some countries who are already into bitcoin,and not just China alone.
 

China will not destory bitcoin because even they banned bitcoin a lot of country are adopt ad accept bitcoin and for sure it will not effect even China banned even all cryptocurrency. We here right now to support bitcoin and no one can stop that even china.

I think that China does not want to destroy Bitcoin. China is actively implementing the blockchain and is trying to deal with speculation and fraud. Perhaps this is the right way.

They are smarter than that. There are already plenty of chinese crypto projects moving forward.
China will harness cryptos, rather than destroy them.

I agree. Chinese people has a huge impact to the bitcoin. The country itself is where you can find majority of the miners, therefore it will really have a huge impact. We can also predict that it might have a bigger impact especially that as of this moment majority of the users are panic sellers.

I think no anyone can destroy bitcoin, when only some sellers sell it then their price goes to down but you don't say that any country is destroying bitcoin its the new way of modern transactions and everyone wants to join this program

It is very difficult or wrong to conclude that one country can make bitcoin unstable. Although China is a strong force when it comes to activities of economy such as cryptocurrency, It won't be easy for them to cause bitcoin any harm when they even stop mining bitcoin.

because china is the biggest bitcoin miner in the world that can whenever they destroy bitcoin, so an example like last year that often makes the price of bitcoin can go down is its brain from china

China does have the opportunity to be able to reverse the value of bitcoin, this is very chaotic for bitcoin lovers, but certainly, China will not destroy bitcoin if there is no specific purpose.

China is strengthening its economy every year, and as we can see, this has an impact on the production of bitcoin. And I don't think that we, the most ordinary investors, can really seriously affect a Titan like China. All we can do is watch the news.

No country can ever destroy  bitcoin Bitcoin is independent of growth and purely decentralized in nature so no country or no govt or no central bank can destroy 

To destroy bitcoin you need 51% attack to control the thousands of nodes that run the bitcoin network around the world, that would mean going back a decade to try and change the bitcoin blocks from 2008-2018 so it would cost probably trillions of dollars and a lot of computation time so impossible for china to control bitcoin

I don't think China want bitcoin to be destroyed. China is only trying to use the opportunity for future and play a big role in the market. Also the difficult situation in China for using bitcoin is only due to lack of regulation. China is always pioneer in every market.

No i don't thinks so, there are still reliable China projects on crypto market and China should adopt the best technology, thats why they will make regulations on cryptomarket and will join this competition in near future. No doubt.

I am sure that no country can stop bitcoin. yes, thanks to manipulations, they can throw off its cost, but they can never destroy it because it is completely decentralized

for now there is no solution for that and China is very influential for the stability of bitcoin in the world because more than 60% of miners are from there. but it's just your expectation that blockchain technology has been developed by several coins. perhaps panic will occur which causes prices to fall but not destroy. ::)

China is a very big country and they have very big effect of cryptocurrency. But i am not agree that China can destroy bitcoin, Yes they have large number of population they mining it if they going to against bitcoin it not good for bitcoin, But they can totally destroy bitcoin.

We all know that China is one of the most populated country throughout the whole world. If it is happen that they against bitcoin we can considered it as a big deflation of cryptocurrency, but they can't destroy totally the whole crypto world. Because there are many countries right now accepted bircoin legally especially in European countries.

You are right, even crypto enthusiasts in China is very large, so, when the Chinese government banned crypto, the Chinese government cannot fight public demand.

and finally, the Chinese government has plans to create crypto, and they think to create crypto that has competitive values.

so, China will ban bitcoin and other cryptos, and control the crypto they create.

do you know that China controls the crypto trade until today?

when 50% of the crypto market trading is controlled by them, then this is a sign of crypto destruction.

China can control the volatility of bitcoin, they can make bitcoin die, and if bitcoin dies, the majority of other altcoins will be worthless.

do you know who made the value of bitcoin reach $ 20K at the end of 2017?

although there are other factors that make bitcoin reach $ 20K, but China more dominates.

thanks for your comments, all your comments give me new knowledge about the development of the crypto world, crypto is the future, crypto is a technology that will control every transaction in our lives.

but, we have to be careful when the crypt world is controlled and regulated by China, they are greedy and never satisfied.

I don't think China has got such a power to destroy the bitcoin network. Maybe it has got the large mining firms and for the same it cannot have complete control over bitcoin as well other digital currencies. To me China is one of the country that supported digital currency growth during the early days into existence.

It is well known, China is currently dominating the world of digital currencies, and the average community there is a bitcoin fan. so whether or not the policies that apply there will affect the development of bitcoin ...

they are not completely against bitcoin, it is evident that their exchanger is still one of the biggest contributors to crypto volume this year, they are still doing related research and indeed have to set certain limits so that there is no prolonged inflation

I am sure they still care because of their people very familiar with investment asset patterns, this is a potential business and finally they are only tight for the ICO and the exchange market at this time.

China has the ability and resources to destroy bitcoin. But i think they will not do it. Because if they want to destroy bitcoin. They had been destroy it in the past.

Chinese governments cannot destroy bitcoin but they can make the price drops because they often ban exchanger and miner.

You are right China is not against crypto but wanted to regularize it so that common people dont get scam like in most of the today ICO are scam. So if the regularization goes good then it will bring more positiveness in crypto world.

I don't think China can destroy bitcoin. There is this theory that most mining farms are found in China and majority of the coin holders are found in China but i don't think these can destroy bitcoin. If it was possible to destroy bitcoin, it would have been the early life of Bitcoin. Looking at the current state of bitcoin, it will be very difficult to destroy this coin.

I think neither China nor any country can destroy Bitcoin. China is a powerful country that dominates mining and Bitcoin trading at the moment which affect negatively on their economy. But they can’t ban Bitcoin outside China. They can cause some damage and influence the price but not crash crypto.

I don’t think that China is interested in the destruction of Bitcoin. China only declares its negative attitude towards cryptocurrencies, and in fact most mining and equipment mining facilities are concentrated in China.

Maybe that's true they dont have no intention in bitcoin to destroy. But bitcoin is already running in so many years and nothing news that china will banned or destroy bitcoin.

I think that they will not be able to replace the existing currencies, I do not know what will be there in a hundred years and what means of payment will be used, although I think no one knows.

Such a number of people who need privacy can always be found. This is what can save the cue ball from collapse, but about its value, I have no illusions, it simply does not exist.

It will not enough to destroy Bitcoin to the ground. These day every regulation need investors to do kyc. So anonymity for cryptos are no longer relevent as the law keep strict everyday. We need to follow the book of law now. Anonymous look like gone now.

I have also read reports that china has the options to destroy bitcoin and i think that is not really good either. I find it questionable and hope that china will never do something like that. It just is not good if a single country has so much power to destroy bitcoin.

The only way out I can see is to create a more powerful (international?) union of miners and thus counterbalance the might of China. Such countries like India and Canada, as well the West European region with relatively low fees for electricity could be the core of such an "organization". And again, there should be some international regulation pertaining mining that is conducted on an industrial scale.

China clearly rejects bitcoin and intends to destroy bitcoin, the Chinese government even forbids the existence of bitcoin in its country. this also causes bitcoin to drop dramatically.

China can't destroy a decentralized and P2P currency like BTC - but yes, they can do some damage and that damage is recoverable with time.

China can not destroy BITCOIN, though they can regulate it on their country.
China is just a part of the world and BTC is for the world.
They can have their own, but they cant put out the fact that BTC will stay forever.

i think china can't destroy bitcoin.

What China does could definitely affect the prices of BTC, but I'm sure they can not destroy it, because it is not only used by the people of China, there is an almost international use.

I don't think China can destroy bitcoin or any other country. In a few years bitcoin will be in the 1st row with gold and oil, and people will always invest in it

yes, China can do what other countries cannot do, let alone bitcoin. like electronics, it can be slowly destroyed and become a Chinese product, but I'm sure bitcoin cannot be destroyed by any country.

China's influence on cryptocurrency is huge, including bitcoin. China can provide any rules for bitcoin. but so far China still sets fair rules for bitcoin so I think China hasn't taken further action.

China can threaten any economy that somehow depends on them - and yes it includes bitcoin. We are talking about a huge community here, assuming that 8 out of 10 of them are into bitcoins, then they surely can affect the circulation of it. But then again, I don't agree about them destroying bitcoins, I only said they are somehow threats.

Well despite the fact that China is one of the biggest country in term of technical and technological development its very hard for China alone to be able to bring down bitcoin because bitcoin as a decentralized technology does not rely on the Internet which we think for it sole survival because before you can kill bitcoin in it totality you need the cooperation of so many factors and most important among this are the end users of bitcoin once there no more demands then we can say bitcoin is dead but if China alone say it want to see to the end of bitcoin the battle will be as good as a lost battle because bitcoin has the capacity to go beyond any attack a single country may put forward.

No, I do not think China has more bitcoin producers and they can create a lot of turmoil with the virtual money market. There are many big countries that are focusing on the electronic money industry. And I think China can not hold everything and can destroy bitcoin.

I am not surprised that China has better innovation than bitcoin. but any mining product produced is still bitcoin that dominates the crypto market. bitcoin has investors who bet high on maintaining its stability in value

China is only entitled to ban the use of bitcoin in its country but is not entitled to destroy bitcoin. China prohibits the use of bitcoin, maybe because China is able to make its country go forward without the help of bitcoin and the average Chinese population is a smart person in terms of making money and business or company.

China can't destroy Bitcoin, indeed China is one of the gold fields for cryptocurrencies especially Bitcoin. but that does not mean cryptocurrencies will not be able to survive or destroy without China, there are still many large countries that are the gold fields for the development of cryptocurrencies, one of which is Russia and America.

the truth is china with her huge population seem to have influence over so many things. most miners no doubt are from china and if the government bans bitcoin which i doubt will take place, then bitcoin will greatly affected. sure it wont fade out but the price will drop drastically but i dont think china will do such a thing as bitcoin is good for their economy grwoth.

I hope this law of property in China, will bring more moves from them soon.. If we could get Chinese people back on the markets for trading,this would be huuuuge marketcap boost.. could be bullrun capitalist! Now they are buying some with OTC option I guess.. Chinese money flow would rise up CMC a lot

I realize China has the power to give big impacts in crypto, including bitcoin. However, the power doesn't come from China only. There are many countries have power to control bitcoin. So, bitcoin won't be destroyed by China as a single power.

China government do many thing to dominate every aspect and i think its not their fault. Its normal a country want to dominate anything because any country must want it. I think its hard to stop China domination right now because they already become super power

You also have to realized that they have control of mining so they can really create a a big impact to the market, but to destroy bitcoin? I don't think they can single handedly do it. They might impact the price in short term but bitcoin is global so its going to continue specially if the other part of the globe will just pick up and lessen China's monopoly of mining.

China has the largest population and once was the number one country with the largest Bitcoin mining industries. China has great influence on Bitcoin and the entire crypto market but the total survival of Bitcoin on the market cannot be entirely dependent on China. Although China can cause a great fall in Bitcoin price, it cannot totally destroy Bitcoin.
Bitcoin has gained much roots and support from investors across the globe. Bitcoin would have died when China banned Bitcoin.

China is quite a self-sufficient country in terms of the economy and their participation in the life of bitcoin plays a very important role. More than half of bitcoin wallet holders are in this beautiful country. Specific proposals at the moment do not see ( obviously) and therefore I propose to expect a change of events and keep things in focus. Write about changes.

I don't think it can totally destroy the bitcoin rather it can only damage it. As what you have stated, most miners comes from the China so if ever they are to pull out then I guess the mining would be weak. By that we can conclude that the China has the capability to damage the bitcoin in their own way but not really destroy it.

For as long there is no actual physical damage made to bitcoin, I do think not a nation will be able to destroy it. Bitcoin in its real state is just a piece of code. It doesn't even have the value. And what gives it life are the demands for its usage and the importance it serves to the daily lives of the people. So what will happen if china quits using bitcoin? It will still be the bitcoin we know and will remain as it is for as long as anybody will still use it. The price may go down but their will still be bitcoin.

Bitcoin cannot be destroyed by China even if they have 75% of bitcoin miner. They can only slow down its growth as other countries are using and mining Bitcoin too. The growth rate will only be slower. Remember, Bitcoin is decentralized and cannot be control and anyone

Some Chinese miners had moved to Russia as this is a good indication that bitcoin will survive even without the support of China. I just hope that China will reconsider to support crypto to boost more their economy.

China is also the main reason of this dump. Imagine most of the miners are there and the also need to constantly sell their bitcoins to sustain their operations. Though I don't believe they can single-handedly destroy bitcoin. As we can see last year, they tightened up regulations in ico (and actually went far as to ban it) but after it happened, it didn't significantly affect the ico market then.

China destroyed using of youtube which was a major failure. They also banned porn sites and different games. China destroying bitcoin is the most unprofitable thing they could do. China has one of the most populated countries in the world. If they haven't destroyed bitcoin then bitcoin could be the mot profitable thing in China.

Well thats the truth and its sad since they hold most of the mining pools hashrate and they are the ones who supply components to the makers of ASIC miners

China has not issued a statement threatening bitcoin. So where is the fear coming from?  What China did was to ban exchanges. It did affect the market when that ban was announced early 2018, but bitcoin is still alive and still the leading cryptocurrency.

I think it's not possible because china is a reach country and china has power to distroy bitcoin in their country. However bitcoin also has a big influece in their society and even in their marketing. Their are many good things bitcoin has contribute that's why many people will join day by day.

looking at the facts, the truth is that China is a country that has a strong influence on the cryptocurrency industry and the internet. All policies taken by the Chinese government will easily influence the development of cryptocurrency in the world. But keep in mind that China is not the only player in the world, there are still many countries that participate in becoming the influence of Bitcoin success, such as United States, Canada, Russia and so on

Yes there is a solution. We need to convince entrepreneurs to get involved in minning industry. Minning revenue should not be monopolized by one group or country, market will always find way to get balance condition. I hope most of people here aren't only concern in bounty campaign but also learn how to mine bitcoin and other coin or even create their own blockchain to ease their job.

We can stop that potency that you said, I am sure mining industry will spread evenly.

The Chinese government continues to implement measures to ban digital money transactions, tighter control of online platforms and mobile applications for this transaction.
In addition to the ban one-currency trading last year, the next target of the Chinese government is the domestic platform that allows centralized trading without clearly delineating the difference between these platforms.
Chinese regulators also target individuals and companies that provide clearing services, arrange and market. Small-scale (P2P) transactions are not affected.
Bitcoin plunged 1.2 percent to $ 13,580 in London's midday trading session, according to Bloomberg.

This is a very vital question for the crypto community. China has a large economy 70% bitcoin users are from China and we know for bitcoin mining china is the supreme. After banning bitcoin in China mining shifting to others Asian country. For being a large bitcoin adopting country, China won't destroy bitcoin.

In the face of some people trying to deal with the ban in China, others in countries such as Japan and Hong Kong are profiting from Bitcoin and expose Dimon's plot. All have shown that Bitcoin is growing and is not susceptible to market manipulation. The government's ban and repression can make things more difficult for users. Bitcoin in China but doesn't mean that they can't overcome this hard. To improve the situation, many people affected by the ban have switched to using LocalBitcoins and even stopped using a state-controlled messaging app called WeChat.

of course they cannot destroy bitcoin but keep in mind that china is a huge country and alot of chinese were also known to be involved in cryptocurrency . so if ever they decided to ban bitcoin or cryptos in there country , we can also expect that the price can fall of sharply .


no they werent . its not bitcoin that banned in china but it is other exchanges and some illegal ico's . i dont think china could ban  mainstream cryptos such as btc because thier business will totally be affected  . price fall isnt also because of china but it is because of other reasons like for example whales manipulation .

- With a large number of miners and huge whales, destroy the price of bitcoin is a very easy thing for them but as you say, they will not destroy when bitcoin is still a place to bring a lot of profit to them, this is a gold mine, they will not easily give up and destroy such large gold mine. In addition, although they are a very powerful country with large economic resources but that does not mean they can dominate and do everything they like, miners and whales in other countries will not allow China to do anything to harm bitcoin, China also can not resist the fury of these forces

yes, china can destroy bitcoin but not the whole system. They destroy any crypto but they can only do it on their own country like what they did to other investments. China is a very powerful country controlled by the government and destroying what they want depends on the matter if it's bad for their people or not.

there are many opinions that claim to destroy bitcoin. this has been a long discussion and debate, even quantum technology is claimed to be able to unlock the private bitcoin wallet. but again, until now bitcoin remains safe from hacking or destruction

I don't think they can destroy Bitcoin, because blockchain technology now is here to stay, with or without Bitcoin, but they have a plethora of altcoins now that they are backing up and pushing out, so they will always promote their own and as long as they are making a shit ton of money from Bitcoin and controlling one big aspect of it, that's the mining, they will help to keep the feast running and the table full of goodies. They know very well how to make money form everything. Bitcoin also has caused an economic war, just like the trade war and people will want to have power over it as much as possible in the economic battles for world dominance.

i think it can, bitcoin miner almost stay in china, they can use this to attack 51% and they can hack bitcoin like the attack 51% in near time.
i'm quitely worry about this.

Bitcoin is decentralize currency but we have to keep in mind that China is a country with powerful economy as well as large number of trading through bitcoin done in this nation. So,in a nutshell it actually effect the bitcoin share market because the impact of china has greater influence on bitcoin and other crypto currency.

I dont think China country can destroy Bitcoin because as a matter of fact cryptocurrency like bitcoin can give to some people a good benefits if it is righty manipulated in a right way of investment. Nobody's thinking to destroy an industry if this will give a good benefits to everyone's who believed. Because cryptocurrency like bitcoin is an opportunity to everybody's who believed for a succeesful life that they want to be, because bitcoin in general is for a bright and  a progressive future in life.

I think no one can destroy bitcoin any more.Because bitcoin is a online currency and It's not controll by any parson or any country .If any country want to bann bitcoin in there country,they don't stop it any more.People will find the new way to use bitcoin.If goverment stop there internet also,that's way they don't do it.So i think china can,t destroy it .Bitcoin will more increable day by day in the world,thank you.

When thinking about killing bitcoins, only governments that do not accept bitcoins are capable. Since they do not destroy the importance of bitcoin, they just think bitcoin is a scammer. As for China, we see that most of the miners are there and they understand the importance of bitcoins, then do they destroy it?

This is somehow a threat to the world of cryptos. We can see that China is already have their invasion in different products even they imitate it, still they are not govern by the law of production and imitation. I am not against China but if they keep in doing the illegal ways they will invade the world of cryptos and will try to eliminate bitcoin in exchange of their own coins. This is just my own opinion, i am not saying this will be happening in the future but i hope there will still a way to unite everyone.

I know that bitcoin users are very large and Chinese government policies like some time ago greatly affected to the market. but doesn't mean that bitcoin will be destroyed because of China right? You're right, bitcoin users aren't just China, so naturally Bitcoin will still survive even though China does certain things

No that wont happen. If china owns bitcoin then I guess it is only a percentage on it. Maybe it could even barely move the bitcoin market price if all of them woulf sell their bitcoin. I am positive that other nations had more contribution of bitcoin than china.

Perhaps, this is only a FUD to create the relevance of china's participation. They were thinking that a great nation China should be given a good treatment for bitcoin which will relatively Chinese government should not likely to. be like this. Well that is only a guess but if there are some reason for this and whatever it is it could not affect bitcoin.

Having a look at the influence of China over Bitcoin’s infrastructure, the Chinese government has potentially the ability to destroy Bitcoin.
Currently over 80% of Bitcoin mining is performed by six mining pools, and five of those six pools are managed by individuals or organisations located in China.
Four different ways how the Chinese Gov can influence Bitcoin: disrupt competing miners, undermine consensus and destabilise Bitcoin, de-anonymisation, and censorship. and We know how China is heavily controlled by the government.
So potentially Yes, BUT would they do that?
Have a look at this article, where Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property:
https://cointelegraph.com/news/chinese-arbitrator-reaffirms-that-bitcoin-can-be-held-privately-transferred-as-property

I think no country can break Bitcoin, including China. Bitcoin has dominated most of the crypto market and last year China implemented a policy prohibit BTC. However, BTC price increase significantly.

the best way possible, superpower countries should be able to limit the scope of the roof indirectly China monopolize the world economy, which is not good for bitcoin, so it is very vital risk. I hope my hope is that China will become aware of their power, and can provide an opportunity for Bitcoin to run normally and develop for the benefit of the world community.

No one can stop bitcoin because it is already established its name and it can never be stopped by someone or some country whatever reasons it maybe, and it will never be gone for sure. People need it nowadays.

China will not be easy to do that, even though now China is in a strategic position for crypto, but to destroy bitcoin I don't think it can happen easily because the potential of bitcoin will still grow well and become popular among the people.

Bitcoin is worldwide popular online currency till now. In this time around 50 countries using bitcoin in different sectors. So I think just one country will can't destroy bitcoin, it is not possible. Bitcoin will destroy, this thinking is wrong. We hope bitcoin will stay forever in world online market.

it can't, China is only a small part of this world. China is not a ruling country and has control of the world economy even though their population is large and their country's economy is strong, so don't think that China can destroy Bitcoin..

Very interesting.In what way exactly?China generally raises a lot of questions)But as far as I understand,they are trying to put a ban on cryptocurrency.Not know why they need this of course.But maybe that's the answer.I know for sure that they have put a whole city for Bitcoin mining and spend just a huge amount of energy for their production.And it is not bad to earn some money.Interesting further fate of this state in the crypto market after the ban.

China has the largest bitcoin mining this alone make china a huge bitcoin involved country. Although there are some sort of cryptocurrency related ban in the country china seems to be involved in cryptocurrency. But I don't think china can destroy bitcoin

If it is true then they are working  and they are promoting bitcoin mining, so we should be happy than being worry, according to me bitcoin is independent and no country has any control over this currency now, because it is now a networking which is spreading all over the world. People are considering it worth investing now I am sure it is gona is our next regular currency.

51% is what we are really talking about, right?

China cannot destroy Bitcoin but it could damage is, we suppose. But why would they anyway? Surely this would be like killing the Golden Goose...

In time with the difficulty rise, it will be difficult for some to continue mining if they pay for electricity, may mining rigs on that note run on Hydropower and reusable resources so this is of little concern.

No one really knows the future of Bitcoin or the Altcoins, perhaps China may switch to other Cryptos if BTC mining becomes unprofitable?

China with its enormous economic power, supported by a population of 1.3 billion, not to mention Chinese citizens living throughout the world, is certainly a force that can rival bitcoin as a digital currency, because China will launch its own cryptocurrency supported by government.

Maybe china can damage or can make a lot of difference with regards of bitcoin trading for there the ones of being the most traders in bitcoin. But can destroy, maybe they can for even we dont know where bitcoin came from. Own opinion.

china can destroy whole world or more likely any country they want sending small teams of 1 million soldier each
will they do that? no they won't because any scenario possible is not guaranteed, some are more liekly some less, this one by you is less

The mining of the crypto is normally happening is China because of the low energy cost and electricity is so cheap there so for me to start mining in china is good but if we look at the price so i am unable to mine there because the cost can be more than the mine and if we wait for the right time we can start mining in China so some people think that It will opposite affect bitcoin but China is crypto friendly and they would not destroy bitcoin.

I don't see that this is problem. This is opinion only because China have a lot miners. It's can't destroy bitcoin.
China have ASIC's plants but it has a positive effect.

I believe bitcoin is currently used as an economic/political piece on the international level. For the moment, there is no way for the U.S to accept the dominance of China as a majority holder of this currency. Pushing an alternative solution via DLT might be a logic route or even just use brute force to shut down any usage by pushing new legislation and blockage.

I think China can actually do that but I don't think they will do it. It is not because they want to assert more superior power in terms of economy when it is compared to United States but I don't think they will do it simply because it is not worth it after all. It will cost them a lot to destroy bitcoin, and china is not just one entity but composoint of billion of persons and this people would have many opinions about if they will destroy bitcoin. So I am surely disagree that there will be come a time that they will destroy it because they will not take the risk just for them to assert supremacy because they can do it on other things.

china can affect the world of BTC but it will not break. Let's say they're one of the most powerful countries in the world. As soon as I know that china loves business in this business, it is a stricto when it comes to business but we do not know that they may be one of the BTC's supporters someday to further expand the BTC.

Hopefully JiHanWu from bitmain dont allow that to happen, if within his means :)

seriously, China is facing a crisis as its not handling crypto well, same goes with all govs

China Crisis is about the power of guesstimating, and goes deeper into the art of asking the right questions. China Crisis shows how asking questions can help you build an edge. - https://www.altcoinsidekick.com/blog/china-crisis

China will not be able to destroy Bitcoin. The reason for this is the decentralization of bitcoin. If mining bans begin in China, the miners will move to other parts of the world. Moreover, Russia may soon become the leader of mining, where there is a huge untapped potential of mining capacities.

l dont think china have the full power to destroy bitcoin yet  despite their population are so much involve in bitcoin mining and other cryptocurrency activities in the crypto space .the cryptocurrency is not control by any Government . the china Government can only  cripple altcoins that are built on the soil of china who founders and team are residence or citizen of china . those ICO that die most are scam  and not genuine intention of entering the crypto market most of them dont even have directions of what they intend to achieve. there are ICO that are still doing well irrespective of the previous china banned.

I don't think that's possible. Yes, China is a major producer of bitcoin, but not the only one. And all the more all miners will have to conspire and destroy bitcoin, which they diligently extract. And what does it do?

I also agree with the opinion that China will not be able to destroy or have a serious negative impact on bitcoin. Of course, an attempt to destroy it will have a certain effect, but bitcoin is decentralized, and this gives it a huge advantage even in terms of production.

They can do it if they want, but that only damages their country, because they are destroying their own future.

I think that's wrong, Miners spread throughout the world so if china stop for mining, doesnt matter. And about bitcoin like miner bitcoin also spread throughout the world, so cant. Cina cant do that. And we already know bitcoin is decentalized, no one can control it. So about news, or statement about that don't be provoked

China is dubbed a country full of ambitions, they will not miss the opportunity to help them become world hegemony, because bitcoin is a huge advantage if they develop it.

I agree on that China cannot really destroy bitcoin. That e are so many country that is now still believing in bitcoin and i think China is only one of many country that used bitcoin, so even if China banned bitcoin. I think bitcoin will not die at all maybe it can give a huge down as effect of banning but it can't really make or drag bitcoin down.

depending on our perceptions, the problem is we always see the worst possibility of an opportunity and innovation that exists, that is what prevents us from moving forward, while china? This does not prevent them from continuing to develop it.

it would be better if we see good potential that can be developed and eliminate pessimism

if we think more clearly again maybe China wants to be a competitor of Bitcoin itself by launching technology technology and may be threatening to stabilize prices

Chinese blanket ban on Cryptocurrencies has been somewhat of strategic even as companies such as Bitmain have become some of the biggest crypto currencies in the world. China simply plans to harness the crypto wave in their favor and in full control of their central bank. In China, Tech companies and and blockchain itself are more shaped by the will of the government and than maybe in any other country. China's central bank has a more sophisticated understanding of how to leverage centralized blockchain than many other countries.

China once banned bitcoin, and cryptocurrency, and of course that affected the price. well, but I don't think it will destroy bitcoin. we know that bitcoin users are not only in China, but throughout the world.