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RE: An Analysis of Chinese Influence on Bitcoin

in #cryptocurrency6 years ago

Great insights on bitcoin as a trade currency! Combining it with the other news you mentioned, it may lead to countries actually looking for ways to incentivize bitcoin mining to decentralized the Chinese miner pool influence. For example, countries with low energy cost could provide tax incentives to mine in their country. This could lead to a better distribution of the mining power. Loved the comparison to DPOS which makes sense and I had not thought of before!

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