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Author Topic: [2016-01-12] Does China’s Control Over Bitcoin Mining Threaten Bitcoin?  (Read 278 times)
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January 12, 2016, 04:34:06 PM

Centralization. A word that is like kryptonite to the superheroes of Bitcoin’s digital currency space. No one wants Bitcoin’s future, transactions, or funding too centralized, whether you are a Core Developer or a casual 1 BTC owner and fan. Yet, isn’t that what has happened? China seemed to discover Bitcoin in the summer of 2013, and the Bitcoin mining and exchange markets have never been the same. As of 2015, about 80% of the Bitcoin mining takes place within The People’s Republic of China. Is that a bad thing? Does this endanger Bitcoin’s future? Is the West threatened by that fact?

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