|
arcanaaerobics
|
 |
February 17, 2017, 01:32:32 PM |
|
No. Not anymore. Japan their bitter rivals or cousins of the east if you will are the ones that will control bitcoin in the very near future. They own the exchange that is the largest volume from the beginning of this year. So yeah it is the year of bitcoin for Japan. The country that brought us Satoshi Nakamoto. How very fitting it is! Maybe their ultimate plan from the very beginning. Having China build it up then getting them to transfer ownship with them knowing they would f' it up eventually over time then come in from the side door to get the glory. Typical Japanese innovation. They did to America in the car industry (until they saw it was not profitiable enouogh and gave it away to South Korean automakers!  ) and now they are doing to China. Again!  |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
SvenBomvolen
|
|
February 17, 2017, 01:52:51 PM |
|
Quite an interesting relationship now exists between the Chinese Yuan and the digital currency Bitcoin. More than 90% of the global Bitcoin activity going on in China, and over the last six months, this figure rose to 98%.
It says us that only from 2 to 10% of all bitcoin activity goes on the remaining world. And even if we all know that bitcoin is decentralized - China make it's effect in the currency in anyway.
|
|
|
|
|
|
Pattart
|
|
February 17, 2017, 02:29:03 PM |
|
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin |
|
|
|
|
LittleBitFunny
Full Member
 Offline
Activity: 1428
Merit: 129
The first decentralized crypto betting platform
|
|
February 17, 2017, 02:42:40 PM |
|
No. I know that when I send a transaction, it's not going through a Chinese embassy to reach its location. Is a large amount of Bitcoin mined and used in China? Yes, but that's completely irrelevant because China isn't one giant plotting entity which is out to get you, it's a lot of people or businesses who individually influence Bitcoin.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
|
|
|
|
|
conected
|
|
February 17, 2017, 03:26:14 PM |
|
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin - Miner of China was largest on the world and technology of digital currency very developed, China control a large amount of Bitcoin, so controlling the price of Bitcoin with them is too simple. They just need a little impact and influence, the price of Bitcoin will change, we can not deny the influence of the China with Bitcoin is very large, and can be considered as China controls Bitcoin |
|
|
|
20kevin20
Legendary
Offline
Activity: 1134
Merit: 1597
|
|
February 17, 2017, 03:30:29 PM |
|
No. I know that when I send a transaction, it's not going through a Chinese embassy to reach its location. Is a large amount of Bitcoin mined and used in China? Yes, but that's completely irrelevant because China isn't one giant plotting entity which is out to get you, it's a lot of people or businesses who individually influence Bitcoin.
The reason that China isn't controlling Bitcoin is because people in other countries can use it. Simple as that.
China isn't directly controlling it, but the mining is mostly China's.. Many people from there know about Bitcoin and mine it, there are the biggest farms. |
|
|
|
|
|
Blitzboy
|
|
February 17, 2017, 03:41:07 PM |
|
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin - Miner of China was largest on the world and technology of digital currency very developed, China control a large amount of Bitcoin, so controlling the price of Bitcoin with them is too simple. They just need a little impact and influence, the price of Bitcoin will change, we can not deny the influence of the China with Bitcoin is very large, and can be considered as China controls Bitcoin I do agree with what you say cause I have faced a lot of troubles with the Chinese. They have the large amount of Bitcoin and we can not deny their impacts on the Bitcoin world and other cryptos. Therefore, I do think that the china is currenly controlling the digital currency market as long as bitcoin. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1292
There is trouble abrewing
|
|
February 17, 2017, 03:46:32 PM |
|
i am very interested to see all those 162 people who voted "YES" here and said China is controlling bitcoin right now. Chinese exchanges are almost closed down and their prices are pretty low with so little volume right now because of all the restrictions from the banks and the fact that they disabled deposit/withdrawals. so practically they are out of the game. with that in mind we can see that price is still up and still rising higher. so my question from these people is: where is China now!  |
There is a FOMO brewing...
|
|
|
|
Nathan047
|
|
February 17, 2017, 03:53:55 PM |
|
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin  |
I'm starting a technology blog T4CH.top, check it out! |
|
|
erpbridge
Legendary
Offline
Activity: 954
Merit: 1000
|
|
February 17, 2017, 04:49:02 PM |
|
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin From whatever I understand about mining, how should that make a difference ? THere are only a fixed amount of bitcoin that can be mined in a day. So how would manipulation help ? Anyways, I feel they currently still have the highest mining power, so are already taking most of the mining rewards. |
|
|
|
|
GameunitsSEO
Member
Offline
Activity: 84
Merit: 10
Entrepreneur
|
|
February 17, 2017, 05:22:50 PM |
|
No China dont controlling BTC ..... Many News sites just use this to manipulate Bitcoin user for Panic sells. Then they rebuy cheap  |
Gameunits We're enabling the 2 billion unbanked Gamers to shop on any online merchant.
|
|
|
coins101
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
February 17, 2017, 06:47:41 PM |
|
China 90% controlling Litecoin
|
|
|
|
|
BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
|
|
February 17, 2017, 07:19:35 PM |
|
China 90% controlling Litecoin
How do you even say that? where is the proof? I would arghe tht china is lossing power on litcoin too. Soon segwit will be activated, and I think we will see a big amount of people getting interested in litecoin again. There will be quite a nice pump on the coin. Am I holding? nope, cause im not sure yet, but we may see a nice second big bubble like we say back in the 40 dollars days. |
|
|
|
|
richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
|
|
February 17, 2017, 08:09:01 PM |
|
No China dont controlling BTC ..... Many News sites just use this to manipulate Bitcoin user for Panic sells. Then they rebuy cheap The majority of the hashpower comes from China, but maybe you have a point when it comes to the price. It might very well be that we think that China is a big factor, while in reality they aren't that important at all. It might be a thing in our heads that whales exploit into making people go nuts as they basically fear anything coming from China. Just look how their volumes almost vanished from a few million traded coins per major Chinese exchange, to just a few thousand right now. Their fake volumes were more than obvious, but that it resulted in this outcome is something not many would have thought. |
|
|
|
|
|
Nathan047
|
|
February 17, 2017, 09:56:50 PM |
|
Are there any protections from this coming down the pike? They've got the mining power to manipulate bitcoin From whatever I understand about mining, how should that make a difference ? THere are only a fixed amount of bitcoin that can be mined in a day. So how would manipulation help ? Anyways, I feel they currently still have the highest mining power, so are already taking most of the mining rewards. Because if 51% of the miners agree, they can do just about anything they want, including creating extra coins or moving coins from any wallet to any other wallet without private keys. |
I'm starting a technology blog T4CH.top, check it out! |
|
|
coin revolution
Member
Offline
Activity: 112
Merit: 10
|
|
February 17, 2017, 10:29:27 PM |
|
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 always has a dominance over bitcoin. A large majority of the mine farms are in-house. The decisions made by the Chinese government directly affect the bitcoin. Bitcoin structure can not be controlled. But we can say that China controls the bitcoin from the indirect route. |
|
|
|
|
digaran
Copper Member
Hero Member
Offline
Activity: 1330
Merit: 899
🖤😏
|
|
February 17, 2017, 10:45:31 PM |
|
What do you guys have against China and Chinese people anyways? they're hard working people with a country full of natural resources they are providing the world with many services, if they have cheap electricity doesn't necessarily mean that they are the biggest bitcoin miners, as a matter of fact 60% of the farms in China are owned by investors from other countries.
|
🖤😏
|
|
|
|
deppil
|
|
February 17, 2017, 11:04:28 PM |
|
What do you guys have against China and Chinese people anyways? they're hard working people with a country full of natural resources they are providing the world with many services, if they have cheap electricity doesn't necessarily mean that they are the biggest bitcoin miners, as a matter of fact 60% of the farms in China are owned by investors from other countries.
I think we do not need to bother about it. in accordance with the passage of time. I believe bitcoin users will grow from around the world, and probably bitcoin users from China will not be as compared to total bitcoin users in the world |
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
February 18, 2017, 12:25:34 AM |
|
Because if 51% of the miners agree, they can do just about anything they want, including creating extra coins
Yeah, a 51% attacker could do that. or moving coins from any wallet to any other wallet without private keys.
No. Absolutely not. A 51% attacker (hell, a 100% attacker) has no power to move coins without the private keys. |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
|
|
|
|
mastica
|
|
February 18, 2017, 12:50:45 AM |
|
China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.
because it can be said of many bitcoin users of china is as a miner, so do not be surprised if many users of china benefit is of mine, of course it will give little effect for bitcoin - Miner of China was largest on the world and technology of digital currency very developed, China control a large amount of Bitcoin, so controlling the price of Bitcoin with them is too simple. They just need a little impact and influence, the price of Bitcoin will change, we can not deny the influence of the China with Bitcoin is very large, and can be considered as China controls Bitcoin The early adopters has a word to say about those isnt just that way, China has the biggests miner farms, but this let them have a big influence over bitcoin, as i know each farm belongs to a group or company that compete with others as normal companies. |
|
|
|
|
|
Poll
