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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Could the Chinese Govt take over the mining of BTC?
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Taki
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July 22, 2018, 10:21:55 AM
 #61
The first of all explain me all advantages and disadvantages of such move, coz I do not understand why would it be so hurting or opposite.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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zxl912157
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August 18, 2018, 06:17:44 AM
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First when hearing Bitcoin is banned by China when 2017 and Bitcoin has experienced a significant price decline, around 2017.

And now if the Chinese Government takes over mining, then the price of Bitcoin will rise as well as the price, so that is great to make the market return to GREEN.
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August 23, 2018, 12:50:09 PM
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Quote from: zxl912157 on August 18, 2018, 06:17:44 AM
First when hearing Bitcoin is banned by China when 2017 and Bitcoin has experienced a significant price decline, around 2017.

And now if the Chinese Government takes over mining, then the price of Bitcoin will rise as well as the price, so that is great to make the market return to GREEN.
It is happening all over again - they ban it just to "unban" it a quarter later, then they start some rumour and then some more. I have a feeling it is all happening so just a few lucky individuals can get some free bitcoin on insider trading.
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