China can destroy bitcoin

[lyntruongakad09]

I think that btc is a virtual currency and it is being used by many Chinese people that can not destroy it. And it will thrive in the future and can become a popular currency so it's hard to defeat.

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[xp.rie]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

wild opinion and the reason is too pushy, I think there is a lot of debate and shitcoin that wants to excel from bitcoin, but the fact is that until now bitcoin still can't destroy it even though there are many alts with even more sophisticated innovations.

[charlemagne_15]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

In my opinion, I think China has the capability to damage the bitcoin but not really destroy it totally. As for what I have read, a lot of miners came from this country so if ever China government ordered their people to stop the usage and joining in cryptocurrency especially bitcoin then it will leave a huge damage in bitcoin. Many miners will lose and gone.

[St4yInTh3D4rk]

I don't think they can because if it is possible for them then they will already did that,so rather than assuming too much we just concentrate on the bitcoin adoption.No one one knows that China is really have more ASIC miners than other even if they have it was owned by the private users so they won't stop because they will lose their capital right.

[Vektrum]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

Not a single state can destroy Bitcoin, including China, despite the fact that more than half of all Bitcoins are currently mined there. In addition, it should be borne in mind that Bitcoin is not mined by government agencies, but by miners, to whom Bitcoin is also not indifferent.
The Chinese government may cause bitcoin temporary damage, but Bitcoin will quickly recover.

[zolfa]

we know that digital currencies will change the monopoly of a country's government currency, just as the internet changes the monopolistic practices of the telephone industry.

China always has a big ambition to invest in the crypto world, although not investing in bitcoin, the Chinese government wants to have crypto currencies that are competitive with bitcoin, and they must be able to control it.

[xtrump101]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

Not a single state can destroy Bitcoin, including China, despite the fact that more than half of all Bitcoins are currently mined there. In addition, it should be borne in mind that Bitcoin is not mined by government agencies, but by miners, to whom Bitcoin is also not indifferent.
The Chinese government may cause bitcoin temporary damage, but Bitcoin will quickly recover.

i agree people really dont understant the depth of the fundamentals of this blockchain technology and they always use the word "destroy" this immutable tech and cannot be altred by anyone anywhere, so stop the fud guys 

[posi]

The Chinese cannot destroy bitcoin because they are the first country to ban bitcoin back in the year 2016. Mind you, they also dominate the world of mining, ASIC and mining hashrate during that time. However, the Chinese are coward during that time cause the community they ban bitcoin because they bitcoin as a threat to their national currency.

Thank God Bitcoin is Decentralized!
 

[Sevarchik]

China can make btc network overloaded for 2 weeks only and its all.
This will be if they all switch off all miners, hashrate fall down and other cant find blocks for 2 week then difficulty readjusted and all work in regular mode.

[denzkilim]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

LMAO, is there something wrong about mining? or if a country has the most miners is there something wrong to that? so if China is not among the top mining countries in the world, does the country that has the top mining facilities will be a threat again? LMAO, those academics from those universities think that they know everything in this world and they really believe that they can predict what going to happen.

I don't think they can because if it is possible for them then they will already did that,so rather than assuming too much we just concentrate on the bitcoin adoption.No one one knows that China is really have more ASIC miners than other even if they have it was owned by the private users so they won't stop because they will lose their capital right.

You're correct, I don't know why these people keep on spreading this kind of speculation that the country named China can destroy Bitcoin and blah blah.
Even if China got the most mining facilities it doesn't mean that China can destroy Bitcoin and anything else similar to that and what's the point of saying that China can destroy Bitcoin Bitcoin is a decentralized electronic cash or what we called Crypto Currency and there is no government or any kind of central bank that controls Bitcoin.
Sometimes I think that these people are only here to spread FUD LOL.

[SimonJones]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

Yes, China has the power to destroy bitcoins . I think, there are no solution right now but who knows someone will come up to combat this. Think positive...

[Ale88]

China has a low electricity cost so many miners are there, especially because of Bitmain, but I don't see the problem. First of all I think that soon someone else will start a serious completion with Bitmain, that has a monopoly at the moment, and then if the authorities decide to shut down those factories BTC's difficulty will adjust automatically in a few weeks.

[idontcare]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

Agreeing on what China has a strong and domineering source of power would be horrible if it protested bitcoin but why we do not attract or can say that it is more integrated because of the many bitcoin here. will be able to do.

[poletando]

many people said that China have the biggest population of people that use bitcoin, and I think I believe that because mining farm in the china is very big than other country, and there are many 'whale' that can manipulate price in the market of bitcoin so I believe that china can destroy bitcoin

[tumis]

so they are spent billions of dollar manufacturing and  building bitcoin farm on a large scale to destroy the bitcoin and to lose peoples trust all over the world on bitcoin and the people then transfer their trust to other crypto like litecoin etc? where is the logic behind these? and then after btc destroyed china then will spend another billions of dollar to destroy the next crypto that people put trust on and so on and so on. LOL! stop this non sense! if btc destroyed we still have thounsands of crypto out there. what the heck!
i bet chinese wont do that thwy love crypto, theyr not building something just to destroy when they spend billions on it, this is just a fud!

I do not think it would be possible. However, if so, then there is some logic.

If the Chinese could miraculously beat Bitcoin, they would prove their strength and superiority over others that no one else has the power to do it.

And hence ?

- They create their own new currency with their work and resources.
- They maintain their hegemen position so that no one else will harm them.
- They have their own monopoly on the currency and if it will be accepted, it will be called the "new bitcoin"

Little probable? Perhaps. But, however, probably.
So there is also some logic in this too ...

[S4VV4S]

China have destroy bitcoin and make all of mining bitcoin project at their country have closed, many ICO investment was die by China have banned of regulation for ico investment at their country, China have more power fo destroy how bitcoin price.

China is the most powerful country for crypto currency market that's obviously truth. But china not enough powerful to kill Bitcoin. China can just FUD Bitcoin to banned it and regulation in ICO investment.

That's right, China not enough powerful to kill Bitcoin although they have most powerful country for Crypto market,
I am sure they will use Cryptocurrency as a valid of payment in the future. I believe that all countries are not able to kill the Bitcoin. 

[electronicash]

but lets say its true they can potentially do it but why would they kill it when they are benefiting from this market? they may even have litecoin as some say. the fact that they can't actually destroy everything when bitcoin is just the bitcoin not the whole crypto market, there is eth, eos and all the altcoins.

[memecoin]

very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?

If there is such a thing as we need a concrete action to prevent this destruction, I have a thought that the bitcoin here should act positively to show good development in the face, then they go up with modern technology.

[giantrobot]

China is the most populous country in the world. The impact of China on the economy have a significant impact on the world economy. With such great influence, China has made moves to prove itself.
I hope that will not happen, if China beat Bitcoin, the market will crumble

[Shishir99]

China have tried several times before but it didn't happen.They can maximum decrease bitcoin price little bit not more than that.Everyone nowadays knows Bitcoin so it will be very difficult.