A distributed network provides witnesses and evidence. Imagine a judge in court. She will make a conviction only if she is sure of the truth. Witnesses and evidence convince her of the truth. In a distributed network of blockchain tech, there is more opportunity for evidence and witness reports and thus, validation.
If this past Friday wasn’t enough to convince you of China’s underestimated influence on the crypto markets, then we don’t know what will. It’s not only on Bitcoin and cryptocurrency
The space is still evolving. Most governments still have yet to make pivotal decisions about whether, in the direct words of Beanie Sigel, they will “either get down or lay down” with blockchain. And, despite the ban on ICOs and crypto trading China enacted in 2017, China still has a significant say on crypto markets. Take a 180 degree turn to 12 hours behind on Capitol Hill, where Mark Zuckerberg was grilled for over 5 hours about Libra as well as Facebook (read report here). Interestingly, Zuckerberg also mentioned the global progression of blockchain and crypto saying:
Bitcoin has yet to show any signs of life in the past week. But it seems that we can’t make our minds up about what we want from BTC. We are looking for BTC to be the ultimate store of