Collects questions specific to the Crypto Currency landscape in China.
Questions tagged [china]
9 questions
3
votes
3 answers
Don't miners control who is allowed to make transactions?
Simple question really, considering theres a very small group of miners controlling the chain ATM.
Whats to stop them from being forced by the goverment to disallow certain transactions or just mining empty blocks to jack up the transaction…
user2741831
- 297
- 2
- 7
3
votes
1 answer
Bitcoin is attacked by China miners by screwing with the network, what will Bitcoin do?
There was a report recently (https://arxiv.org/pdf/1810.02466.pdf) that stated that China controls 74% of the hashing power. They can choose to collude and attack the network by either doing a 51% attack or stall the network by not including any…
Patoshi パトシ
- 10,956
- 18
- 80
- 151
3
votes
2 answers
How relevant is the Chinese Great Firewall in the blocksize debate?
Mike Hearn said the following:
The reason the true limit seems to be 700 kilobytes instead of the theoretical 1000 is that sometimes miners produce blocks smaller than allowed and even empty blocks, despite that there are lots of transactions…
nelruk
- 161
- 7
3
votes
3 answers
Transferring Money from China to another Country Using Bitcoin
I would like to transfer large sum of money out of China to another country using bitcoin. China has a $50k limit on overseas transfer, so I thought bitcoin will be a good way to circumvent that.
How would I go about doing that?
Thanks in advance!
Dog
- 31
- 2
3
votes
1 answer
How does the Chinese Bitcoin ecosystem differ from the European/North American ones?
What is the background of the whole Bitcoin ecosystem in China? Their market has been growing insanely in the last days... but I guess it can be very specific (different mentality of people, the Yuan, infrastructure etc.). How is their market…
Kozuch
- 1,022
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- 11
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2
votes
3 answers
Is BitCoin controlled by China?
Recently, the CEO of Ripple stated that more than 50% of the BitCoin miners are in China, therefore, were the Chinese
government to interfere, they could control BitCoin (I assume via a 51% attack, I didn't check details).
"“I’ll tell you another…
VSO
- 123
- 3
1
vote
3 answers
Can I use Bitcoin so that my non-bitcoin friend finally receives CNY?
Can I send money to my friend's Chinese Bank account using Bitcoin? How easy and safe are the resources for a Chinese person to convert Bitcoin to cash?
Moak
- 113
- 4
0
votes
2 answers
What are some potential scenarios that a state actor can harm bitcoin if they control more than 51% of the hashing power?
As reported recently, China controls more than 51% of the hashing power and just in one province in China controls 54%. Assuming China has bad intentions and forces all these mining operators to collude to harm the Bitcoin network. What are some of…
Patoshi パトシ
- 10,956
- 18
- 80
- 151
0
votes
1 answer
Is a 51% attack on bitcoin likely?
Given that the majority of bitcoin processing is done in China (source: https://bitcoinmagazine.com/articles/report-links-74-bitcoin-mining-china-sees-threat-network/), is it possible for a single entity to accomplish double spending (or be forced…
John
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