RE: New Bitcoin Abomination

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New Bitcoin Abomination

in latest •  7 years ago  (edited)

It's a shame South Korea is doing this, but as you said, when a similar thing happened in China, it seemed like it was seriously hurting Bitcoin, but within weeks, it was back with a vengeance. So yeah.. I'm not too scared about this one, either.

I am curious how big the Chinese (people's) BTC holdings were, as compared to South Koreans, though. Anyone?

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China’s holdings and mining hash-power were much much larger than any other country’s at the time of the China FUD. I am not sure if that has changed but I find it highly unlikely that Korea has a larger holding now than China did back then. I believe I read somewhere that Japan is becoming the country with the largest Bitcoin trading volume and hash-power.

Thanks for the insight :)