China controls all the mining and so can control bitcoin

What the FUD is this?

The idea that because so much mining occurs in China, that Chinese mining pools or the Chinese government can take control of bitcoin, shut bitcoin down or initiate a 51% attack.

“Bitcoin is really controlled by China. There are four miners in China that control over 50% in bitcoin.” Main Stream Media

 

Squashing this FUD
Experts reply…

This FUD hasn’t been squashed, yet.

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