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Re: <nettime> Ethereum: DAO - "The Attacker"
Morlock Elloi on Tue, 5 Jul 2016 21:35:16 +0200 (CEST)


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Re: <nettime> Ethereum: DAO - "The Attacker"


I understand the sentiment, and while it's possible that there is a massive anti-sino conspiracy going on, in this particular case it's unlikely.

There is a public information where the mints are, that cannot be trivially hidden (IP addresses, unless someone is faking them on global scale 24/7), and majority of mints appear indeed to be in China mainland. Cheap electricity is paramount. There is enough information publicly available - operator identity (including pics), interviews, etc.

What is amazing that there seems to be (was?) a blind spot in the media and the 'community' about this obvious elephant fact for such long time (2 years at least), so I'd look there first for the conspiracy.

Few links, starting from 2014:

http://io9.gizmodo.com/giant-chinese-bitcoin-mines-are-the-foundation-of-the-n-1621495854

http://www.coindesk.com/my-life-inside-a-remote-chinese-bitcoin-mine/

https://bitcoinmagazine.com/articles/why-the-great-firewall-of-china-is-causing-serious-issues-for-bitcoin-miners-1456508966

http://dcebrief.com/does-chinas-control-over-bitcoin-mining-threaten-bitcoin/

https://bitcoinmagazine.com/articles/brock-pierce-china-not-able-to-hold-control-over-bitcoin-mining-1454516516

https://news.bitcoin.com/china-bitcoin-myths-realities/



On 7/5/16, 9:11, Jaromil wrote:

On Mon, 04 Jul 2016, Morlock Elloi wrote:

http://www.nytimes.com/2016/07/03/business/dealbook/bitcoin-china.html

"... over 70 percent of the transactions on the Bitcoin network were going
through just four Chinese companies,..."

Oh c'mon, the NYT is just bringing forward the next Hearn / Craig /
Whatevs shilling operation. Just like the book by Nathaniel Popper: a
marketing operation to carefully eliminate all sort of uncomfortable
facts from the history of Bitcoin. If you call yourself critical and
then follow this line of history, well then... good luck, you may even
find a freelance job working for the Central IA Sinophobia department.

ciao

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