OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away


Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add that no country owns bitcoin.

Controlling Internet 2.0

According to Brooks, who has been tapped as the substantive director of the Office of the Comptroller of Currency (OCC), bitcoin miners in China possess more than 50% of the mining capacity. In comments made during a video interview, the pro-crypto Brooks suggests the U.S. is losing the internet 2.0 leadership race to the Asian country. In a short video shared by a Twitter user on November 17, the currency comptroller asks:

Trending: JUST RELEASED: Phone Call To Chinese Manufacturer Requesting a Bulk Order of Fake U.S. 2020 Ballots

As a country, we now face a geostrategic competitiveness issue, which is: Do we in the United States want to own the internet 2.0

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend