I have a few questions for the technical people in here:
Will Grin mining be as concentrated in one region as Bitcoin is today and is there anyway to stop that from happening? I heard that you can run a Grin node on your phone, how will that impact the security of the network?
My reason for asking is that there is no way that the Chinese are mining Bitcoin or any other currency without the CCP giving the ok! The miner in China in the article below started off by cutting a deal with a CCP official. So if China aims for its digital currency to be used around the world, what’s to stop it from forcing miners to attack the networks?
I think one thing is very clear here, and that is the Chinese leadership are very clear about their goals while the rest are all playing culture/ religious wars around the world.
"All Alibaba’s sales were done via Alipay (an electronic payment system). What does Alipay mean? It means that currency is out of the trade platform. The U.S. hegemony is based on its dollar. What is the dollar? It is a currency. In the future, when we stop using currency to complete sales, the traditional currency will be useless. Will the empire that is established on currency still exist? That is the question that the Americans should think about.
Today’s capital may disappear when currency disappears. When the production method changes along the line of 3D printing, the human world will step into a new social mode. At that time, China and the U.S. will stand at the same starting line of the Internet, big data, and cloud computing. The competition at that time will depend on who will be the first to step through this new door, not on who will press the other down. From this point of view, I say that the U.S. has chosen the wrong opponent."
The above is from a Chinese general.
From today, an article in the BBC, a big player in mining in China talking about the Chinese digital currency:
One day everyone in the world will be using DCEP," he says.
"DCEP will be successful because there are a lot of Chinese people living outside of China - there are 39 million Chinese living outside of the country.