slothtrooper
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Namaste
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June 13, 2018, 11:01:57 AM |
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Hmm where are the biggest mining hardware companies based ? PROOF: Bitmain is selling old hardware as NEW miners! https://bitcointalk.org/index.php?topic=2244677.0https://www.reddit.com/r/Bitcoin/comments/7txh2f/sooo_you_guys_are_aware_that_bitmain_is_selling/How cheap is electric in China ? http://uk.businessinsider.com/why-china-mines-more-bitcoin-than-any-other-country-2017-12But by far and away the country where most of this mining is taking place is China for a couple of reasons. One – and the biggest reason of all – is low-cost electricity or free electricity. China has very cheap coal-based electricity and also a lot of extra hydro-capacity. So a number of hydro-facilities in provinces like Szechuan were developed in anticipation of new cities coming online to take advantage of this new inexpensive electricity. However that electricity is idle, it’s not being utilised so many hydro dam operators have gone into the cryptocurrency mining business and I think this is important to keep in mind as we think about the environmental impact of bitcoin. If that electricity is just going to waste it’s already less of a negative externality for bitcoin to be having this excess hydro-capacity used for bitcoin mining. So just these two factors above state that 1 the worlds biggest ASIC manufactures are running thousands of machines prior to selling them as new 2 electric was/is cheap, free plentiful The Chinese government surely wouldn't be smart enough to have an interest in having a controlling stake in the biigest asset in a new emerging asset class. Oh and Garlinghouse the CEO of the 3rd biggest cryptocurrency, got to where he is today by being a total dick that does not know what he is talking about. LOL Sarcasm |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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yugyug
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June 13, 2018, 11:03:00 AM |
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In terms of bitcoin mining production, it is true that china owns the majority of mining pool it almsot 40 percent of the world mining pool but it does not mean that the bitcoin is controlled by China. Chinese had joined the bitcoin mining pool almost 3 years yet they dominate it but they can't control the price. It is sill all about the supply and demand. I know he is trying to promote his Ripple but it could never let the Bitcoin down with that bad publicity.
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Narutofuc
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June 13, 2018, 11:05:00 AM |
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hmm is it real?
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Catch-22
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https://crowdsale.network
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June 13, 2018, 11:13:42 AM |
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Another propaganda from China. No organization of countries, much less a single nation, can control bitcoin. That’s what makes cryptocurrency special.
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1Referee
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June 13, 2018, 11:35:51 AM |
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Let's look realistically at the other top coins.
Ethereum, heavily centralized around a few key entities.
XRP, heavily centralized around a few key entities with insane premine worth several billions.
BCash, heavily centralized around a few *mentally unstable* entities with insane premine worth hundreds of millions.
The rest isn't even worth talking about.
The biggest and most decentralized coin in the market will always be showered in negativity coming from the other platforms. They don't have any other way to gain attention.
XRP can't even push higher daily volumes than Litecoin on its own.
Don't trust those who walk around in business suits trying to look important. These are the people we try to avoid with Bitcoin.
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nioctiB#1
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June 13, 2018, 11:45:04 AM |
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This is funny statement which is totally not true. He is just trying to destroy bitcoin and for ripple to gain more investors which will not happen. It is true that china have the most share of bitcoins hash power but even you sum all the share of those miners from china they will not be able to get 51% to be able to execute an attack. One thing is for sure no one can control bitcoin but ripple is controlled by the company who created it and remember that they kept huge supply to control the circulation of this cryptocurrency. |
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mcabrito
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June 13, 2018, 11:54:41 AM |
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Well china is an advance country when it comes to technology but they never could control cryptocurrency. In the first place they were not the one to invent the cryptocurrency. I do not know about this news and what are there considerations on telling this one and blogging it in the internet but i am pretty sure that they could no control bitcoin. THe people or the investors runs the system and decide its market price for it depending on the demand of the investors.
Well, there is always a possibility, and bitcoin controlled by china might be true as others says that a lot of btc miners are in china. So let's see, I just hope that it will not be manipulated. |
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SivaSankarSMS
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June 13, 2018, 12:08:02 PM |
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one thing is to advertise his product and another very different thing is to denigrate the image of another product just to promote his product, something very disgusting.I dont believe that Bitcoin is controlled by China.Economy leaders won't of course just switch to bitcoin over night, specially if that doesn't give them any advantage. I guess it's no surprise why the financial system had hardly evolved at all during the past decades. China is a developed country but not to the extent of it controlling bitcoin. Bitcoin is not controlled by any country but by demand and supply I never thought again that they control bitcoin, because their attitude to bitcoin is very bad. I think they stopped to control bitcoin.but I think this reason is acceptable, because they are greedy and selfish, want to master bitcoin, and it's like the year before.they will not stop to dominate the bitcoin market, although many people hate them for their bad attitude.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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June 13, 2018, 12:09:17 PM |
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Ripple ceo = lol
just say scammer next time so people understand who we're talking about
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BarryBomb
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June 13, 2018, 12:10:37 PM |
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Going according to mining pools this could be true, but apparently also China's banks are loading up on Bitcoin in their reserves (no confirmation on that) Does someone know more on that matter?
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raske
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June 13, 2018, 12:12:06 PM |
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Ripple is a fully centralized crypto, so, more we ignore the ripple project, better for the decentralized community
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Burogh
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COVIR.IO
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June 13, 2018, 12:41:44 PM |
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As far I know, ripple founder controlling most share coin in market. They hold more than 60% total supply in market and its more healthy to hold bitcoin rather than ripple.
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nizelong
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June 13, 2018, 01:25:45 PM |
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Don't be confused by its reasoning. Its purpose is to break Bitcoin’s sovereignty over cryptocurrencies. I believe wise people will not be deceived.
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AnimalRule
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June 13, 2018, 01:28:37 PM |
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I don't beleive in stories that bitcoin is controled by any country, not even China.
Bitcoin is still functioning on a independent network and as far as I know this can't be changed so don't beleive everything that someone is saying.
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xiebaowang
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June 13, 2018, 01:59:00 PM |
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BTC is banned in China and BTC mines are illegal! China cannot control BTC!
BTC's mines are distributed all over the world, and only 51% of them can control the BTC. Obviously, China has no way to have these calculations!
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KingScorpio
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June 13, 2018, 02:00:48 PM |
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bitcoin is controlled by its miner association, thats it, if a lot of them are in china than well they are a chinese dominated miner asociation, but we have to be serious china is a diverse society they dont all support bitcoin there. |
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kangen riko
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June 13, 2018, 03:05:17 PM |
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Maybe the ripple leader thinks if they drop the bitcoin, they can top the list and change the bitcoin position. But the reality is not so, if people have lost confidence in bitcoin then the crypto world will collapse. Ripple is just a branch and I think ripples also will not survive the destruction.
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BrewMaster
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There is trouble abrewing
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June 13, 2018, 03:43:31 PM |
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XRP, heavily centralized around a few key entities with insane premine worth several billions.
if by "insane" you mean all of it then you are right because they controlled the whole supply and each time they pump it they click a button and release a couple of billion new XRP on the market out of thin air! |
There is a FOMO brewing...
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SivaSankarSMS
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June 13, 2018, 04:09:51 PM |
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Don't believe this Ripple's CEO. He is trying to prove that bitcoin time is over now and the altcoins time starts! Bitcoin is a decentralised digital currency, how can China Control bitcoin? No way. Some lousy news, rumour hits the blockchain technology that's why bitcoin's price is decreasing every day, But he should mind that without bitcoin,China as most hated country at this time,, have done tremendous move to discredit bitcoin since then.. there will be no altcoin.Bitcoin is decentralized. Can it be controlled?
How about ripple? can it controlled by ripple?
I think XRP is one of the tokens that can be controlled.we can not culpable them on what they want to said about bitcoin, just ignore them if they say something bad.
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SabrinaSwo
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June 13, 2018, 04:23:58 PM |
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I found really curiuos project - HelloGold foundation. I really appreciate their philosophy. They are aiming to the creation of the full-fledged founding that will be able to provide grants for the upcoming startups in the sphere of further implementation of blockchain technology for financial operations. The team is consists of ex-regulators, business experts. Moreover, if you join their channels HelloGold and Airdrops.io on Telegram and Twitter you will receive 150 HGT tokens (~$2 USD).
Anyway, search for more information, check everything, and good luck with your investment.
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