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November 25, 2018, 03:47:49 PM |
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I don't see what hash power distribution has to do with value. The said setup/scenario actually ran for a couple of years with bitcoin's value not being affected too much. Traders control the market; the miners control the supply. Geographic location and hash power distribution doesn't dictate how often can miners offload their coins in the market. Also, miners being concentrated on China doesn't mean a single entity is controlling them. Mind you, there are loads of mining operators in China alone that control is hard to even be established by a single person.
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