Considering how vulnerable Bitcoin is to the whims of the evil Chi-Coms isn't it time to let another alt-coin take the place as the industry standard? Let's face it folks, 60% of Bitcoin miners are located in China. The Chi-Coms running this country are able to manipulate the Bitcoin market and in turn the entire crytocurrency market with a single threat as we saw with today's headlines. The cryptocurrency market is all about decentralized power and escape from tyrants like the Chi-Coms. Bitcoin has not kept up with the times. There are better alternatives that can help insulate the crypto market from the evil Chi-Coms. In my opinion it is time for the crypto universe to discard to the greatest extent possible using a flawed coin such as BTC and choose anyone of the privacy based coins instead. Not financial advice, just my opinion.
Bitcoin Crashes On Massive Volume As China Plans To Shut Local Exchanges
Tyler Durden's picture
by Tyler Durden
Sep 8, 2017 10:18 AM
http://www.zerohedge.com/news/2017-09-08/bitcoin-crashes-massive-volume-china-plans-shut-local-exchanges
