adamstgBit
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August 12, 2016, 05:26:32 AM |
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i'd place a vote, but i'd hate to disturb that perfect 50/50 results.
and IMO chain sorta has some control, a lot of minning is done out of china ( would you prefer minning leans more to the US or the UK? who cares? )
but the bottom line is they can't do shit without the user base wanting it and or devs coding it.
they have very limited control if any IMO.
i think any and all parties in bitcoin, devs, miners, users all have a limited amount of "control" over bitcoin, and none have any kind of absolute control.
not controlled by anyone / controled by everyone. welcome to bitcoin/Core/Classic/Unlimited 2016.
imo bitcoin has never been more decentralized.
in the beginning there was 1 now there are many. improvement?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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chixka000
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August 14, 2016, 02:19:25 PM |
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I do not think so , bitcoin belongs to the whole internet world.
I think you are referring to the essence of bitcoin of course if you refers to the essence then it surely be for all of us. But you can't really deny the fact sir that someone can really control the flow of it. Just like the world it was made for all things but it seems that people was able to control it. |
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plpbtc1526
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August 14, 2016, 03:37:04 PM |
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We are the one who control bitcoins and not country. We are the one who are responsible for every fluctuation of its value. Bitcoin is for everyone. China is not that powerful enough to control bitcoin. If every people in China owns bitcoin, no doubt they can control its prices
China is not only the country that accepts bitcoin but also other countries. So everyone has control of bitcoin not only the China.
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bostiog1
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August 14, 2016, 03:48:22 PM |
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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?
China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up |
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Hide_ip112
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August 14, 2016, 03:53:36 PM |
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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?
China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up Yeah that's true, but I'm not sure that china is a country that is doing the game bitcoin. Because I see no bitcoin have great influence in the growth of the bitcoin in China. They are just one of the countries that have the most users of the bitcoin for now. and if this is the case then the growth of the bitcoin will never happen and bitcoin will increasingly abandoned |
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susila_bai
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August 14, 2016, 03:57:33 PM |
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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?
China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up Yeah that's true, but I'm not sure that china is a country that is doing the game bitcoin. Because I see no bitcoin have great influence in the growth of the bitcoin in China. They are just one of the countries that have the most users of the bitcoin for now. and if this is the case then the growth of the bitcoin will never happen and bitcoin will increasingly abandoned I dont think that if the most of the mining are done in china it dont mean that only china is the miner it can be that outsiders from china can also setup the miner in china and playing the bitcoin game, |
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darklus123
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August 15, 2016, 03:04:07 AM |
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How can China control btc? USA is no.1 country, I think USA can control btc, because they have more fund than China.
China has: A) 10 times as many people B) 10 times as many mining farms C) Mining farms that are 10 times bigger That's how, its not the chinese Govt Vs The American Govt is just a numbers game , the more people you have working together the more control you have over Bitcoin Exactly, usa may have the biggest fish in bitcoin industry but china also has the largest number in this community so those biggest fish in the usa has no choice but to let the chinese do the work for them. |
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Ruhtilg
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August 16, 2016, 07:14:23 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?
China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up The Chinese are mainly miners. They mine the bitcoin but they also have to pay the cost of mining. Most of the mined coins flow to the west. |
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JumperN
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August 16, 2016, 11:58:30 AM |
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I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.
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And I looked, and behold a pale horse: and his name that sat on him was Death.
It's not that I'm afraid to die. I just don't want to be there when it happens.
While I thought that I was learning how to live, I have been learning how to die. |
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Zaun
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August 16, 2016, 12:36:16 PM |
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I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.
China is controlling bitcoin big time. They got the miners, the pools and also the money. The recent pump we saw was 100% from china, and they can decide what to do with bitcoin. |
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Carmen_Sandiego
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August 27, 2016, 08:59:16 PM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
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vero
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August 27, 2016, 09:06:04 PM |
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I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.
China is controlling bitcoin big time. They got the miners, the pools and also the money. The recent pump we saw was 100% from china, and they can decide what to do with bitcoin. for now maybe china can influence the price of bitcoin but it's not forever when new investors come slowly will all change. |
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20kevin20
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August 27, 2016, 09:06:40 PM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. |
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dragunfly
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Crypto is love, crypto is life
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August 27, 2016, 11:02:19 PM |
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they can not be controlling bitcoin just by having big mining farms, there are bigger mining farms in other places of the world and having the largest population is also not a good argument about them and controlling bitcoin
you are right, well if all the chinese miners would be selling their bitcoins then most probably the price would fall so they kinda can control it |
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hieu81
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August 28, 2016, 12:54:14 AM |
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I think China is also a great influence on Bitcoin. But control is not the right time. Bitcoin uses a lot of places. I think so.
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philipma1957
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August 28, 2016, 12:58:51 AM |
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Yes.
Simply because they can alter the difficulty by 25 to 35 percent anytime they want to do it.
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shinratensei_
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August 28, 2016, 01:28:33 AM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese. |
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chixka000
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August 28, 2016, 03:53:34 AM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese. As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options |
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BitcoinPanther
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August 28, 2016, 05:24:15 AM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese. As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country |
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chixka000
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August 28, 2016, 05:29:53 AM |
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The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows.. It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese. As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country Oh so that is really the main reason why most of the investors are confident doing business with chinese. I haven't know it until now that they have cheap electricity cost. Was china in the first or second world country? |
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Poll
