China Influences Cryptos, Like It or Not!

[sell100]

China Influences Cryptos, Like It or Not!

Researchers from Princeton University and Florida International University are showing a new picture of Bitcoin’s misty world. Ben Kaiser, Mireya Jurado, and Alex Ledger teamed up to analyze the Chinese influence on cryptocurrency’s poster child — Bitcoin. The Asian socialist regime, which extensively monitors its Internet and has remained relatively negative on the scope of […]China Influences Cryptos, Like It or Not! …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33175/china-influences-cryptos-not

[Infinixhot1996]

Read through the article,but sadly it makes little sense as there was nothing as close to a concrete reason to believe that China controls Or influences the bitcoin,probably maybe when something more solid on this is brought forward we would be obliged to discuss on it.

But for now it's not just worth it

What a shrewd plan to place a ban on cryptocurrency related activities and still influence it under disguise

[bots1]

I think the article is true, we know that China is the creator of ASIC and one of the largest users of bitcoin networks through mining. when the country starts to regulate their mining network, it will slow down the current transaction confirmation. unless many countries begin to support mining bitcoin.

[Akpuv]

Going by the huge population of China, they are supposed to have a huge influence on cryptocurrency. But when you look at the actual key countries in cryptocurrency in terms of acceptance and dominance, the Chinese are no where near the Koreans and the Japanese.

[pixie85]

How can a country that banned Bitcoin and Bitcoin mining be influencing it?

Read through the article,but sadly it makes little sense as there was nothing as close to a concrete reason to believe that China controls Or influences the bitcoin,probably maybe when something more solid on this is brought forward we would be obliged to discuss on it.

I agree. The only way a country can influence something is through regulation. China managed to cut itself from it and made all businesses and exchanges leave the country.

[ShadowBits]

China Influences Cryptos, Like It or Not!

Researchers from Princeton University and Florida International University are showing a new picture of Bitcoin’s misty world. Ben Kaiser, Mireya Jurado, and Alex Ledger teamed up to analyze the Chinese influence on cryptocurrency’s poster child — Bitcoin. The Asian socialist regime, which extensively monitors its Internet and has remained relatively negative on the scope of […]China Influences Cryptos, Like It or Not! …

Read more: https://www.trackcoinmarket.com/en/crypto-news/33175/china-influences-cryptos-not

Yes, as china has the world's most populated country and many people there want to compete in terms of money. China also wants to get ahead of everyone since they want power.

[Yaunfitda]

I think the article is true, we know that China is the creator of ASIC and one of the largest users of bitcoin networks through mining. when the country starts to regulate their mining network, it will slow down the current transaction confirmation. unless many countries begin to support mining bitcoin.

I think that the only major reason that they can influence because majority of mining farms are still located in China. Japan is slowly entering the mining bitcoin business though. And Bitmain has headquarters around the globe. If China will start cracking down on Bitcoin mining, I'm sure that there's a lot of nation willing to take the lead.

[dothebeats]

If this was 2013-2015, I believe that China has a lot of influence over the crypto markets. But today, I don't think there's much weight to their existence in the crypto world except for their miners and a lot of machines coming out of their country. Control over the markets have been distributed for the past 2 years, and we have witnessed that during the ATH. Any news coming out of China has been ignored since 2015 after their on-off stance regarding bitcoin and since then, traders are ignoring anything about China.

[koincik]

One of the things that I don't understand most is this Chinese issue. Everyone expects a move from the US, but most of the mining activity is being done in China. I don't know if Bitcoin could have survived without Asian countries.

[Usafstar]

I think if some one show a good interest and do best for the bitcoin i think i must agree and appreciate them for doing this if developed country like China is welcoming bitcoin and they allow bitcoin then it is a good sign for the bitcoin to grow in the world for a countless time and not even for a new years bitcoin will be survived for life time and if the china support it it's value will not be for imagination but it will be far from it's present position and i hope that bitcoin is the one which is important and useful for everyone.

[virendarnagpal]

Actually China wants to restrict crypto.  several times we hear news about China not allowing it's citizens to buy crypto.  Because it being decentralized currency with features of anomyty.  But China oppose all the democratic moves.  It can not like decentralized form of currency over which the government does know.

[samuraijin]

If no one is harmed by a handful of people there is no problem, even I know that China and the US are competing to increase their mining to master the big mining sector in the world, so it's not too dizzy for the news ...

[jerrison]

it has been known that the asian continent has a major driving force when it comes to the crypto space with china leading the other countries, it can not be said with precision the exact reason for which china has been made the for runner of the technology in Asia but i sure do they have a major influence in the community

[Irvinn]

I was surprised by the recently released data that about 74 percent of bitcoins are mined in China. The country that has been struggling with cryptocurrency for the second year and forbade miners to use their cheap energy for mining cryptocurrency still has three quarters of bitcoin mining capacity. The state in this case does not want or does not want to control the implementation of its prohibitions?

[oseikuf44]

I don't doubt it if China influences crypto than any other country. Just consider the number of people in the country mining bitcoins with a lot of interest in pursuing crypto despite government hostility of crypto.

[franky1]

here we go again with a racial social drama that is normally only seen by reddit and fox news dramatists

let take antpool.
did you know they have multiple facitilities. multiple managements and work in multipl countries..
OMG SHOCK..

take the block rewards of all the blocks tagged as "antpool". you will see that there is not total random address per reward. nor is it a single address for al rewards. but instead a half dozen known addresses that scoop up the rewards.

each address depicts a different facility in a different location run by different management.
you can tell there are different management as some of the addresses are bech32 and some are legacy addresses. meaning each facility gets independence to choose to support a certain feature.. or not.

ill give you a tip. most facilities are just set up and then leased out. they are not controled by or managed by asians. the asians involvement is usually just to accept rent from whoever does manage the pools. and as said above those in control of what transactions get collated into a block and who pays the electric/rent bill is most of the time not even asian

here is another example take slushpool. which many have deemed as asian.. well thats actually not "china".. because its thailand managed

f2pool is an open pool for miners around the world. so although the main stratum ip is deemed as chinese they also have other stratums. and as i said the users are from around the world.

btcc.. well lets just laugh. they dropped from double digits to now below 1% of network hashrate. no need to waste too much time on them

the real funny part is that for years altcoin GPU farmers have been screaming how asics are evil due to asia... yet guess where ATI(AMD) GPU's come from..

many scream about the pools being asian.. yet iceland georgia, mongolia, ukraine, thailand, america never get mentioned as being the actual facility locations of pools tagged as asian.. because that destroys the narrative of the trump/fox news/reddit mindset kind of people who like to racially point fingers at china

if people could actually stop just copying and pasting badly wrote scripts of out dated propaganda. and actually use their fingers to search out the sources. it would shock them how easily they are led into such social drama

[clickerz]

Going by the huge population of China, they are supposed to have a huge influence on cryptocurrency. But when you look at the actual key countries in cryptocurrency in terms of acceptance and dominance, the Chinese are no where near the Koreans and the Japanese.

True. Chinese influence in cryptocurrency cannot be ignored. It can bane or boon depending on situation. Cryptocurrencies reach should be distributed evenly worldwide as possible but with China's big population/users, its a force to reckon. Any regulation China made, will affect the cryptos movement imho.

[ecnalubma]

Even if China is very harsh when it comes to Bitcoin but the reality is they have a massive adoption including miners. China cannot stop this craze and their citizens will always find a way to get involved in crypto, as one of the largest in terms of population no doubt that they can influence this space.

[ChinkyEyes]

I don't see any problem. Only those who believe the western propaganda are scared of China. I don't see any problems with it.

[figmentofmyass]

If this was 2013-2015, I believe that China has a lot of influence over the crypto markets. But today, I don't think there's much weight to their existence in the crypto world except for their miners and a lot of machines coming out of their country.

that's the main issue they're talking about: mining concentration. they're talking about mining pools, which could potentially collude to 51% attack the network at the behest of the chinese government. it doesn't seem overly concerning since the pools don't actually control the miners. miners are operating from farms all over the world. how long could they control majority hash rate, and what damage would it really do?

i also don't see why the chinese government would be interested in 51% attacking bitcoin. what do they have to gain?