Can Bitcoin survive the launch of China’s state backed digital currency? Many people believe China has control of Bitcoin due to the concentration of mining pools and large Chinese whales. Is Bitcoin at risk, if their government wages war against public cryptos? Will Chinese mining pools be ordered to take down the network? Well here is the thing: a single whale, group of whales, or the miners don’t control BTC, the consensus stakeholders do & they are very distributed!
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⏰ Time Stamps ⏰
00:08 Intro
00:35 Tyler Analysis of Bitcoin Price-Support
01:33 Tyler Analysis of Bitcoins Price-Resistance
02:43 Why Tyler Analysis Is Better Than TA-Coindesk Article
03:18 China, Bitcoin and Crypto Is About To Heat Up-CZ Binance Messed Up. BIG TIME!
04:00 You Can Own Bitcoin In China
04:22 How Do Chinese Get Crypto? Mining
04:43 How Do Chinese Sell Them? OTC and P2P Trading. CZ’s Mistake
05:41 Alipay and WeChat Are Strong Arming Crypto Traders
06:19 China Getting Ready to Launch Their Own Digital Currency
07:02 Can China Cripple The Bitcoin Network? Mining Pools Dominated by the Chinese
07:44 Pool Operators Do Not Control Miners
08:28 The Stratum V2 Mining Protocol Upgrade
09:09 Consensus Stakeholders Control Bitcoin
09:45 Outro
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