Is China a Serious Threat to Bitcoin?

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that Chinese j walking thing is next level lmao

Good Content. Thanks Daily.
-Joakim Holmer ??

I'm Canadian and have been in China for over 20 years. I use Wechat for communicating on occasion (mostly with family) but have never, and will never, add a bank account to it.

You are a bald fat man, own it. Stop trying to look like some hopeful emo

No, double-spending is not the only, nor most-damaging attack they could launch. Bitcoin's hashrate has gone parabolic. The attack is they build up 40+% hash power, then, POOF, power off. Difficulty stilll high. Now outlaw BTC mining and RAID all mining farms. More power offs = 1 month until the next block. Miners won't be coming on-line anytime soon, and we have another thousand blocks before the next difficulty adjustment. 1 block per week for 1000 weeks = 19 years. Not even Bitcoin would surive that.

again… andreas proves himsevl to be just a bitoin shill. doesnt want sollutions for cheap instant transactions

THANK YOU FOR USING ANDREAS!

not that you havent him used before but his thoughts on this topic are perfect. great video! #bitcoin

BTC price will suffer a lot the day the Chinese decide to bring it down. it probably will go down to 589$ before it rebounds back (Which is certain). During this time, may be few days to weeks, XRP will go up to 589 because of the BTC money flowing into XRP.  if utility kicks off at about the same time may be we can see 1000 $ XRP.  I do not care what will happen after that (Well I might buy some cheap BTC if it goes up to 1000$).  Good luck BTC maxis

Unlike other crypto/BTC/XRP channels, I can't just listen in the background b/c of the amazing memes.

I've been mining Bitcoin for years now and there's no incentive to attack the network. You'd have to overtake 51% of the hash rate just to change 1 block every 10 minutes. The miners that participates has to use all that electricity to mine for free without rewards. Good luck with that!!!

great video!

after Lambo, When Koenigsegg ?

Jared Tate at Digibyte has been saying this for years

We think China is bad but it’s way behind the US and Britain.

True China does love bitcoin.. that image is a view of Hong Kong though

you're on the same page as i am man. music and all.

I get that it does not pay for a content producer to not be a moonboy, but let's not choose fantasy in place of reason. You said it yourself, they have over 50% of the mining power. It would not be too expensive for the Chinese government to attack, in fact, they don't need to attack incessantly, only periodically and sporadically. If the chain stops "feeling" secure due to their sporadic acts of financial terror, the price will go down, as the price goes down other miners shut off, attacks become cheaper and you have a spiral of doom. It is okay though, the decentralized protocol of a chain of blocks will survive as ETH2.

Flash Crash at Kraken with a sideways SqueezE going on, this might get interesting ?

So basically, the fate of bitcoin is in the hand of layers and layers of corrupted governements in China…hmmm, very reassuring.

By far this is the best crypto channel to watch

The of the miners haha

Although bitmain is in China do we know if all their miners are physically there

you have to understand that someone in the US can mine in one of the Bitmain pools which will contribute to the hashrate of Bitmain, but that chart does not take into account that that same miner can switch to another pool. BTC mining is not based in China, but spread all over the world of miners that join the BTC pool. IMO the centralization of BTC mining is nothing more than dressed up FUD. And remember is there anything preventing US or European countries from producing efficient mining machines that support the BTC network????

so NO! nice i feel safe….

Thanks CD. Please don't EVER dumb down your videos. Your balance between technical and layman's is perfect.

Link to the guitar meme?

man i love!! your videos!

dude excellent overview – so much China fear shite flowing – easy to cast stones hey – the USD is in trubble & blaming China on all fronts – loadsa BTC FUD flipping around – but BTC is KING – oh yeah China has BTC , hash power & GOLD Bullion – Australia is a pawn with more bark than bite , also looking into facial recognition bs , living on false economy like USD printing fiat to stay a float – a major shuffle is coming SEC ppphhttt Crypto is Global – keep mining