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RE: Monopolies in networks (Internet, cryptocurrencies and languages)
What are your thoughts about a lot of the miners being from China?
And their being core developers that could heavily influence the direction that Bitcoin takes in the future?
P.S. I don't have an opinion on this yet so it would be nice to hear yours.
Thanks for your questions,
I think the more geographically distributed the miners are the better. But on the other hand, there is no incentive for miners to do something that could damage BTC because that would be detrimental to BTC‘s value.
And, the interests of miners, developers and hodlers are very well balanced, so that developers are incentivized to work in mutual interest. Otherwise BTC hodlers could sell and enforce a change of direction.
Nobody knows what will happen, but I think it is the most interesting project of our lifetime, and worthy our support.