Bitcoin Forum
October 18, 2018, 04:21:22 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2016-01-12] Does China’s Control Over Bitcoin Mining Threaten Bitcoin?  (Read 269 times)
Sturgeon
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


ドラゴンスピ


View Profile
January 12, 2016, 04:34:06 PM
 #1

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?

http://dcebrief.com/does-chinas-control-over-bitcoin-mining-threaten-bitcoin/


"The economy depends about as much on economists as the weather does on weather forecasters"  Jean-Paul Kauffmann
"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"  BlindMayorBitcorn

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!