Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: princessgirl on November 01, 2018, 01:40:53 AM
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The total control of Bitcoin does not lie in the care of China. Although China holds the largest Bitcoin mining industries it cannot totally destroy Bitcoin. It will cause Bitcoin to fall in value but not destroyed totally. Remember, most of the Bitcoin mining in China moved out of China when the government of China banned Bitcoin.
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I do not believed can China destroy of bitcoin because China is one of the most country creating a bitcoin likely of mining and they are very supportive in terms of income net depends on bitcoin projects that is why China totally cannot destroy of it and the government knows the rules of bitcoin in there country.
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I don't think that will ever happen because pure Bitcoinitu is decentralized.
If Bitcoin is centralized, it will easily be destroyed in an instant.
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I think Japan also has a development in increasing bitcoin because Japan also has a lot of interest in bitcoin and I hope Bitcoin can shine in some other countries
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It is not possible, even the ban cannot stop bitcoin, the reason is that bitcoin is decentralized and anyone can get it if he/she goes for it.
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I couldn't imagine that China can destroy bitcoin even they will start world war lll. For me bitcoin existence is not in China alone rather it spread throughout the whole world. Theoretically, bitcoin end once the world ends.
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Although China is a big contributor of the success of bitcoin due to its resources but i dont think if it can destroy totally bitcoin because aside from china there are still so many giant countries that are currently supported bitcoin may it can affect but its just a small impact to bitcoin as a whole and i believe if china really withdraw their support a lot of countries will express their support and provide bitcoin needs.
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Even if China has a big influence in cryptocurrency, but it won't destroy a whole of bitcoin. Bitcoin is owned by many people around the world, they can continue to keep the existence of bitcoin when China refuses it. It makes me not afraid to hold bitcoin in long term.
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China will not be able to destroy Bitcoin just like that. Even though there is currently a ban on Bitcoin for a reason, it doesn't discourage Chinese citizens from mining in Bitcoin and also trading and investing. I am sure the Chinese Government will not be able to do anything with the ongoing life of Bitcoin in the country there.
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I'm not sure if China will destroy Bitcoin, because in China it actually supports the existence of bitcoin and the majority of their people use bitcoin ..
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many Chinese people are mining bitcoin, they get a lot of their wealth from bitcoin, moreover the Chinese government supports the existence of bitcoin, so it's impossible if China will destroy bitcoin
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We know China is one of the powerful country and influential too but it cannot destroy bitcoin because China is not the only one who made bitcoin success. Even China decline their support bitcoin can survive and will becoming more stronger than before.
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China has played a critical role in the crypto markets for several years now. A new paper written by academics from Princeton University and Florida International University suggests that China’s growing influence over Bitcoin’s key infrastructure has given the Chinese government the ability to heavily shape, or even destroy, Bitcoin.
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China will not be able to destroy Bitcoin because Bitcoin is favored by many countries, and what can destroy Bitcoin is only requests and offers from its users, while Bitcoin has many fans, Bitcoin will never be destroyed or die
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As a giant country, China can destroy Bitcoin completely, but it would not be a wise move to do because there are many investors and also large-scale mining activities in the country .