trinaldao
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Post your ann & bounty just contact me
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October 08, 2016, 11:44:04 AM |
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no country can control bitcoin, because bitcoin is not centralized.
chinese can be the lead of strongest comunity and hashrate but he can't control bitcoin, he can't control the price too.
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INVALID BBCODE: close of unopened tag in table (1)
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zahra4577
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October 08, 2016, 11:46:54 AM |
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China = Illuminati !  No I think bitcoin is a global currency and no single country or group is controlling it. If it were controlled by China,bitcoin were dead by now |
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talkbitcoin
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All I know is that I know nothing.
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October 08, 2016, 12:23:18 PM |
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China will keep getting most of the hashing power as long as its profitable to do so, and this coupled with the fact that no one is still competing against them will keep making the China monopoly bigger, but Andreas says that we will see new technology developed that will decentralize mining again.
many who say China is controlling bitcoin are saying this because they see this distribution of hash rates but all of these are either new to bitcoin or have no long term memory because not so long ago this hash rate distribution was the exact opposite and US had more than 60% of hash rate and nobody was thinking bitcoin is centralized. |
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satdas
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October 08, 2016, 07:09:01 PM |
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no country can control bitcoin, because bitcoin is not centralized.
chinese can be the lead of strongest comunity and hashrate but he can't control bitcoin, he can't control the price too.
yes that is a fact that it is not so easy to control bitcoin as it not a centralize currency, and it is also a fact that the number of bitcoin user in China are more than any other country, but it does not mean that China is controlling the bitcoin currency. |
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vero
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October 08, 2016, 07:13:24 PM |
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no country can control bitcoin, because bitcoin is not centralized.
chinese can be the lead of strongest comunity and hashrate but he can't control bitcoin, he can't control the price too.
yes that is a fact that it is not so easy to control bitcoin as it not a centralize currency, and it is also a fact that the number of bitcoin user in China are more than any other country, but it does not mean that China is controlling the bitcoin currency. Wrong the fact no one never can control bitcoin even they have give big distribution hash or holding much bitcoin they never control bitcoin. |
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PokemonFun
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October 09, 2016, 06:00:50 PM |
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no no no no and no no no no never that will not happen ever in this universe never europe is controlling bitcoin  |
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bitdumper
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One world One currency, Bitcoin.
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October 09, 2016, 06:10:12 PM |
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i would not say that they arecontroling the network but i will say that they are helping a lot to keep the network alive but that is all for money and thats true nothing is better than bitcoin mining if it is done on that scale i bet it will take a huge time to make them coumt their loss
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dragonusa9
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October 09, 2016, 06:48:14 PM |
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not even one country can control bitcoin for sure, but if you look from the most people who use the bitcoin
maybe china's people can control bitcoin market
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lionheart78
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October 09, 2016, 07:08:17 PM |
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not even one country can control bitcoin for sure, but if you look from the most people who use the bitcoin
maybe china's people can control bitcoin market
This is true; no country can control Bitcoin. The Idea of decentralisation is coded in its system so in my opinion even if some big country tries to manipulate or centralise bitcoin; the decentralisation will never be ceased. As we know nodes are scattered around the world, these are the people connected to the network . |
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a7mos
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October 09, 2016, 07:11:58 PM |
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Of course yes, most of bitcoin mining network is controlled by china. I have read before that if China had an internet problem for a day or something, this will fork bitcoin to two separated blockchains
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Tecmand
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October 23, 2016, 04:35:37 PM |
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Of course yes, most of bitcoin mining network is controlled by china. I have read before that if China had an internet problem for a day or something, this will fork bitcoin to two separated blockchains
They might control the mining now. But if the bitcoin price rises further, the Wall street will also invest in mining. |
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dothebeats
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Cashback 15%
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October 23, 2016, 05:36:32 PM |
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i think no, maybe china has big market for bitcoin but of course bitcoin isn't controllable only with 1 country. bitcoin market based on supply and demand and no one / or country cant control it.
The Chinese could be the biggest buyer of the bitcoin. They are already the biggest miner of the bitcoin. Welp, they had been the biggest market movers even a few years back. Also, seeing that the largest mining firms are in China, of course expect a heavy trading volume too, but this doesn't mean that they are controlling bitcoin as a whole because no single entity can. They can re-write the blockchain by initiating a 51% attack in the network, but the Chinese know better; pulling this off is similar to them throwing their investments down the drain. |
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hv_
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Clean Code and Scale
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October 23, 2016, 07:02:26 PM |
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Bitmain event... Could the take over scaling lead? https://pbs.twimg.com/media/CvYJmiXVUAAokA4.jpg |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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th3nolo
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October 23, 2016, 07:41:42 PM |
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I guess mostly majority of the bitcoin, price, mining are controlled by china. if you see at http://fiatleak.com/ these guys, buy large amounts everyday. |
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bitbitero
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October 24, 2016, 02:40:40 AM |
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just because they have the most miners they are controlling bitcoin network already? No!
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genos
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October 24, 2016, 05:12:32 AM |
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i think no, maybe china has big market for bitcoin but of course bitcoin isn't controllable only with 1 country. bitcoin market based on supply and demand and no one / or country cant control it.
The Chinese could be the biggest buyer of the bitcoin. They are already the biggest miner of the bitcoin. Welp, they had been the biggest market movers even a few years back. Also, seeing that the largest mining firms are in China, of course expect a heavy trading volume too, but this doesn't mean that they are controlling bitcoin as a whole because no single entity can. They can re-write the blockchain by initiating a 51% attack in the network, but the Chinese know better; pulling this off is similar to them throwing their investments down the drain. China was have the biggest part of trading bitcoin. No one control bitcoin but if there some poeple that work together to control butcoin, I think it probably could be happen. That is like some one who have so great capital that can affect a country economy like what happen with my country long time ago. So I think it is very very possible if some one or party who have atleast 50% of bitcoin to control it price. |
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Sponsoredby15
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October 24, 2016, 07:30:42 AM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
No i think its japan that control bitcoins because they are good in technology. Japan is the most trusted IT expert in the world which creates crypto currency. According to bitcoin history it is Satoshi Nakamoto that creates bitcoin which is a Japanese Name. He is hiding because bitcoin is semi illegal. |
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groll
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October 24, 2016, 07:56:16 AM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
No i think its japan that control bitcoins because they are good in technology. Japan is the most trusted IT expert in the world which creates crypto currency. According to bitcoin history it is Satoshi Nakamoto that creates bitcoin which is a Japanese Name. He is hiding because bitcoin is semi illegal. Your theory is possibly true, they may not use a Japanese name to the bitcoins maker is it was not of Japanese in Nature. But it was possibly done in other countries aside from Japan but it has a Japanese programmer behind it. Well lets go back to the authors question of whether China is controlling bitcoins or not, i will say No, no ones controlling bitcoin since it has no center but possibly the bitcoins price but not bitcoin itself. |
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n691309
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October 24, 2016, 08:19:26 AM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
I don't think they control the bitcoin because there has been many other exchanges rather in china which have a great volume of bitcoin too but china is leading in this field and has the power to manipulate the price of bitcoin. |
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Sponsoredby15
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October 24, 2016, 09:35:22 AM |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
No i think its japan that control bitcoins because they are good in technology. Japan is the most trusted IT expert in the world which creates crypto currency. According to bitcoin history it is Satoshi Nakamoto that creates bitcoin which is a Japanese Name. He is hiding because bitcoin is semi illegal. Your theory is possibly true, they may not use a Japanese name to the bitcoins maker is it was not of Japanese in Nature. But it was possibly done in other countries aside from Japan but it has a Japanese programmer behind it. Well lets go back to the authors question of whether China is controlling bitcoins or not, i will say No, no ones controlling bitcoin since it has no center but possibly the bitcoins price but not bitcoin itself. What I mean is that the creator of bitcoin no ones controlling because the transaction in bitcoin is continue. The outflow and the inflow is generated in the ISP so just like gold bitcoin is in mining section which you canearn by just using mining rigsin the computer as a binary program. |
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