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January 05, 2018, 02:14:59 AM |
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Not likely. They have no incentive to do so. Miners earn a lot, and I'm guessing they help bring foreign money in. China wants money to stop flowing out, not in. I don't like that China has majority of Bitcoin's hashrate, but I think they would be stupid to put an end to mining.
Despite all these people saying that China has an axe to grind with Bitcoin, I don't buy it. They have a problem in their hands with capital outflows, so they're simply plugging holes to address that problem. ICOs and exchanges let foreigners take money from the Chinese and they don't want that. If they didn't like Bitcoin, they would simply ban it just as they did Facebook, etc.
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