And NO, China does NOT 'control' BTC, in fact they are struggling trying to enforce their laws making BTC illegal, but you wouldn't now that because the media definitely doesn't want you to understand THAT?
Who mines most of it? Who owns most of it? That's the control.
It's China, if they want to arrest everyone who has bitcoin and take their coins from them, they probably could. You want that to be the backbone of world's financial system?
Which also proves why gov regulations are irrelevant
I don't know, Bitcoin and Ethereum didn't take off until Bill Hinman said they're not securities.
People with money could care less what a gov regulates.
Until they have to pay others.
Bitcoin cannot be regulated. If it could it would have happened long before you ever heard about it.
Who mines most of it? Who owns most of it? That's the control.
It's China, if they want to arrest everyone who has bitcoin and take their coins from them, they probably could. You want that to be the backbone of world's financial system?
I don't know, Bitcoin and Ethereum didn't take off until Bill Hinman said they're not securities.
Until they have to pay others.
Which is why businesses don't want to touch it.