It’s no secret that the majority of Bitcoin’s miners are located in China, with the geographical centralization of this mining power being a go-to critique for the cryptocurrency’s critics.
This sentiment was recently echoed by Ripple CEO Brad Garlinghouse, who explained in a recent interview with CNN’s Julia Chatterley that the heavy concentration of miners within this country is a point of failure for both Bitcoin and Ethereum.
Prominent Bitcoin advocates, however, have been quick to rebuke Garlinghouse’s critique of the Bitcoin blockchain, also citing that the numbers he references are categorically false.
Ripple CEO bashes Bitcoin, claims China controls BTC blockchain
In a recent interview, Garlinghouse echoed a fairly widespread critique of Bitcoin, claiming that China controls the BTC blockchain due to the heavy concentration of miners within the country.