Why Bitcoin holders have no choice but to trust in Chinese crypto miners


Read why Mark Hulbert feels that Bitcoin holders are left with little choice other than trusting Chinese cryptocurrency miners on Market Watch :

My question goes to the heart of one of bitcoin’s BTCUSD, -3.81% fundamental weaknesses. As you can see from the chart below, two-thirds of the world’s bitcoin mining power is based in China, which is a huge potential vulnerability for cryptocurrency. That’s because China potentially could mount what’s known as a majority attack, or a 51% attack, which would sabotage bitcoin’s integrity and possibly cause its price to plunge.

Read his full article here.

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