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Questions tagged [china]

Collects questions specific to the Crypto Currency landscape in China.

0
votes
1answer
49 views

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 ...
4
votes
1answer
149 views

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% ...
2
votes
3answers
406 views

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 ...
3
votes
2answers
416 views

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,...
3
votes
3answers
792 views

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. ...
1
vote
3answers
83 views

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?
3
votes
1answer
201 views

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, ...